Fannie Mae accelerates repurchases; issuance drops 69% year-over-year

By Angela McDaniels

Tacoma, Wash., April 28 - Fannie Mae issued $12.89 billion of debt securities during March, according to the agency's summary for the month.

The month's issFannie Mae accelerates repurchases; issuance drops 69% year-over-year

By Angela McDaniels

Tacoma, Wash., April 28 - Fannie Mae issued $12.89 billion of debt securities during March, according to the agency's summary for the month.

The month's issuance compares with $19.28 billion in February and is 69% less than the $42.04 billion issued in March 2010. It is lower than any month in 2010, which saw an average of $38.62 billion issued each month.

The amount of debt securities issued in the year to date, $51.86 billion, is half of the $104.03 billion issued during the first three months of 2010.

The agency repurchased $628 million of debt securities in March. The amount of debt securities repurchased in the first quarter, $2 billion, already outpaces the amount repurchased in all of 2010, $1.33 billion.

Fannie Mae said that $33.76 billion of debt securities matured or were redeemed during March, and the total amount of debt securities outstanding at the end of the month was $626.83 billion.

In February, $16.31 billion of debt securities matured or were redeemed, and the total amount of debt securities outstanding at the end of the month was $648.32 billion.

All of the debt securities referenced above have a term of more than one year.

When debt securities with a term of one year or less are added, $773.99 billion of Fannie Mae debt securities were outstanding at the end of March, compared with $783.01 billion at the end of February and $800.02 billion at the end of March 2010.

uance compares with $19.28 billion in February and is 69% less than the $42.04 billion issued in March 2010. It is lower than any month in 2010, which saw an average of $38.62 billion issued each month.

The amount of debt securities issued in the year to date, $51.86 billion, is half of the $104.03 billion issued during the first three months of 2010.

The agency repurchased $628 million of debt securities in March. The amount of debt securities repurchased in the first quarter, $2 billion, already outpaces the amount repurchased in all of 2010, $1.33 billion.

Fannie Mae said that $33.76 billion of debt securities matured or were redeemed during March, and the total amount of debt securities outstanding at the end of the month was $626.83 billion.

In February, $16.31 billion of debt securities matured or were redeemed, and the total amount of debt securities outstanding at the end of the month was $648.32 billion.

All of the debt securities referenced above have a term of more than one year.

When debt securities with a term of one year or less are added, $773.99 billion of Fannie Mae debt securities were outstanding at the end of March, compared with $783.01 billion at the end of February and $800.02 billion at the end of March 2010.

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