Fannie Mae said on Friday that issued $107.8 billion in MBS in November, up from $62.7 billion in October.

The secondary market agency also said in the report that purchases of mortgage loans jumped 25% in the month of November to the highest level since the refinancing boom of 2009 when the Federal Reserve first started purchasing agency MBS. Fannie purchased $99.2 billion in mortgage loans in November, up from $79.4 billion in October. In 2009, Fannie’s loan purchases peaked at $109.6 billion during the summer.

In a Dec. 21 release, Freddie Mac also reported a 25% spike in loan purchases in November and 74% of those loans were refinancings.

Fannie issued $107.8 billion in MBS in November, up from $62.7 billion in October.

Friday’s report also shows the serious delinquency rate on Fannie’s single-family loan portfolio fell five basis points from October to 3.3% in November. Four percent of Fannie’s guaranteed loans were 90 days or more past due in November 2011.

The serious delinquency rate on Freddie’s loan portfolio is 3.25%.

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