In keeping with its goal of shrinking the government-sponsored enterprise’s role in the mortgage finance space, Fannie Mae saw its total book of business decline at an annualized rate of 8% in April.

Last month, the company’s gross mortgage portfolio fell to $683.1 billion from $691.7 billion in March and is down from $746.8 billion a year earlier. Overall, its mortgage portfolio decreased at a compound annualized rate of 13.8%.

Fannie, meanwhile, finalized 12,552 loan modifications in April and 59,223 in the four-month period ending on April 30, 2012.

The conventional single-family serious delinquency rate dropped four-basis points to 3.63% in April, while the multifamily serious delinquency rate dropped two-basis points to 0.35%.

The GSE had $2.7 trillion in mortgage-backed securities and other guarantees in April. That is relatively stable from March and up slightly from $2.698 trillion last year.

kpanchuk@housingwire.com

Most Popular Articles

Regulators drop the hammer on Wells Fargo execs at the center of fake account scandal

Wells Fargo indicated just over a week ago that the fallout from its fake account scandal was far from over, disclosing that it has at least $3.1 billion set aside for expected litigation payouts. But that is at the company level. Meanwhile, the fallout for the executives who failed to prevent the fake account scandal looks to be far from over as well.

Jan 23, 2020 By

Latest Articles

RealPage continues growing, set to acquire Modern Message

Real estate tech company RealPage announced recently that it will be acquiring multifamily real estate engagement solution Modern Message.

Jan 24, 2020 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please