Game changer? Quicken Loans takes mortgage lending fully digital

Google launches mortgage comparison tool with Zillow

LendingTree will also bring mortgages to Google

Fannie Mae continues shifting credit risk to insurers

Completes fifth and sixth Credit Insurance Risk Transfer deals

Fannie Mae's mortgage portfolio, delinquency rate decline in January

/ Print / Reprints /
| Share More
/ Text Size+
Fannie Mae's gross mortgage portfolio dropped at a compound annualized rate of 16.4% in January, according to the latest monthly report from the government-sponsored enterprise. "Fannie Mae's January mortgage investment portfolio saw the fastest decline in the seven months since the balance sheet grew to absorb delinquent loans purchased from mortgage-backed securities pools," said Jim Vogel, an analyst at FTN Financial. The company's book of business also fell at a compound annualized rate of 1.1%. At Jan. 31, the GSE's gross mortgage portfolio balance hovered at $769.9 billion. Meanwhile, the overall delinquency rate in Fannie's loan portfolio fell one-basis point to 0.71% in December. At the same time, the conventional single-family serious delinquency rate fell 2 basis points in December, hitting 4.48%. Fannie Mae, which reported a fourth-quarter loss of $2.1 billion, said earlier in February it needs more federal assistance. The government-sponsored enterprise, which was taken into conservatorship in September 2008 during the financial crisis, said its fourth-quarter loss includes $2.2 billion in dividend payments to the Treasury Department. The Federal Housing Finance Agency requested $2.6 billion on the company’s behalf from the Treasury Department, more than 80% of which is the dividend payment. Write to Kerri Panchuk.

Recent Articles by Kerri Panchuk

Comments powered by Disqus