FHFA leaving g-fees alone, revising primary mortgage insurance requirements

FHFA leaving g-fees alone, revising primary mortgage insurance requirements

Move will lower fees for riskier borrowers; change is ‘revenue neutral’

Housing advocacy groups call on FHFA, CFPB to investigate “pro-foreclosure” tactics

Groups cite Ocwen as leader in preventing mortgage defaults

Court filing reveals name of anonymous whistleblower in Zillow/Move lawsuit

Former Zillow VP of Strategic Partnerships wrote the letter
W S

Fannie Mortgage Issuance Slips 22% in August

/ Print / Reprints /
| Share More
/ Text Size+
Fannie Mae’s (FNM) book of business grew at an annualized rate of 3.7% in August to $3.2trn at the end of the month, according to the mortgage giant’s monthly summary. While Fannie’s issuances fell for the second straight month and the delinquency rate continued its climb, its total mortgage portfolio stayed at July’s level. Fannie purchases and securitizes mortgage loans and for August, posted $62.1bn of issuance, down 22% from $79.7bn in July but almost double the $32bn in August 2008. The gross mortgage portfolio for August held at July’s level of $779.4bn at the end of the month, but it is an increase from $759.9bn in August of last year. The rate of conventional single-family mortgages serious delinquent rose 19bps to 2.66% in July, compared to 0.80% in July 2008. The rate of serious delinquencies among multifamily mortgages jumped to 0.56% in July from 0.51% in June, compared to 0.13% from July of last year. Write to Jon Prior.

Recent Articles by Jon Prior

Comments powered by Disqus