Bank of America: 'We provide all required MSR documents'

Bank of America: 'We provide all required MSR documents'

Responds to Ginnie Mae MSR transfer block

17% of homes with a mortgage seriously underwater

Share of underwaters continues slow decline

Here are 5 bold mortgage predictions from KBW

Q1 mortgage volume predicted to be $20 billion lower
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