Fannie Mae multifamily mortgage-backed securities issuance grew 25% from year-ago levels in the second quarter, according to data released by the government-sponsored enterprise Friday.
The firm's MBS issuance rose to $6.7 billion from $5.34 billion in 2Q of 2011. That increase is attributed to low interest rates and growing interest in the multifamily segment overall.
"I think one of the primary drivers is something well outside of our control," said Kimberly Johnson, vice president of Fannie's multifamily capital markets. "Interest rates are continuing to fall, and while that is just part of our monetary policy right now, it is working."
Read more...Fannie Mae multifamily MBS issuance rises 25% in 2Q | HousingWire