U.S. Treasury Secretary Jack Lew warned Congress in a letter Friday that his department will begin implementing ‘extraordinary...
The U.S. Department of Housing and Urban Development will close its offices nationwide on Friday, May 24th. The news comes as a...
Fannie Mae's book of mortgage business decreased at a compound annualized rate of 4.8%, compared to 4% last month, according to the GSE's monthly summary.
For the full year of 2012, Fannie Mae’s gross mortgage portfolio totaled about $633 billion, down from $708 billion a year prior.
The conventional single-family, serious delinquency rate fell one basis point to 3.29% in December, remaining relatively unchanged from 3.3% in November.
The multifamily seriously delinquency rate also fell one basis point to 0.24% in December, compared to 0.25% in November.
Fannie Mae completed 12,095 loan modifications, totaling 163,412 for 2012. Last month, the government-sponsored enterprise completed 151,317 loan modifications.
In December, the GSE’s gross mortgage portfolio grew at a compound annualized rate of 1%.
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.
Don’t miss out: get HW delivered via email