Agency MBS issuance slows in June on fewer refis
American Banker·- Agency mortgage-backed securities issuance fell 3% to $118.5 billion in June, while overall second-quarter issuance rose 11% to $374.0 billion due to increased purchase volumes. - Non-agency issuance is on track for a record year, with predictions of $236 billion for 2026, despite a quarterly drop in non-QM issuance. - Prepayment speeds for conventional MBS increased, while Ginnie Mae speeds fell, indicating shifts in market dynamics amid a high-rate environment.