This is why Fannie and Freddie mortgage initiatives won't work

This is why Fannie and Freddie mortgage initiatives won't work

MBA declarations are feel-good, but temporary

How far can lenders push the credit box?

Watt announcement helps, but risk keeps standards tight

Warren calls for GAO investigation of nonbank servicers

Asks GAO to review “unprecedented” growth of nonbank servicers
W S
Investments / The Ticker

Fannie Mae single-family serious delinquency rates continue to decline

/ Print / Reprints /
| Share More
/ Text Size+

The conventional single-family serious delinquency rate fell five basis points to 3.3% in November, down from 3.35% in October, according to Fannie Mae’s monthly summary.

The multifamily serious delinquency rate also fell three basis points to 0.25% in November, compared to 0.28% in October.

Fannie Mae completed 13,106 loan modifications, totaling 151,317 over the past 11 months. Last month, the government-sponsored enterprise completed 14,511 loan modifications. 

In November, the GSE’s gross mortgage portfolio declined at a compound annualized rate of 17.5%. 

The book of business increased at a compound annualized rate of 4%, up 0.03% from last month.

The monthly report summary contains information about Fannie Mae’s monthly and year-to-date activities including mortgage-backed securities, interest-rate risk measures and serious delinquency rates. 

cmlynski@housingwire.com

Recent Articles by HousingWire Staff

Comments powered by Disqus