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Fannie Mae mortgage portfolio continues to shrink

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Fannie Mae’s mortgage portfolio continued to shrink, reaching a compound annualized rate of 18.4% in June, according to the government-sponsored enterprise’s monthly summary.

The GSE’s gross mortgage portfolio also dropped, shrinking a bit each month, down 18.4%.

The book of mortgage business decreased at an annualized rate of 1.9% in June. 

In addition, the conventional single-family serious delinquency rate declined six basis points to 2.77%. 

The multifamily serious delinquency rate also fell two basis points to 0.28% in the latest report.

Fannie Mae completed 12,967 loan modifications in June, for a total of 83,511 loan mods in the first six months of the year.

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