Tag Archives: Delinquency

Despite overall refi volumes at Fannie Mae and Freddie Mac declining in Q2, the FHFA’s quarterly refinance report revealed that borrowers were still opting for loans under HARP, a program that’s scheduled to expire at the end of the year.

Whether another housing crisis lies beyond the horizon is yet to be seen, but researchers at the New York Fed set out to answer the question of just how vulnerable the market is if there is a crisis looming ahead.

Editor's note: This story was originally featured in the March issue of MReport, out now. By Hon. Joseph J. Murin U.S. politics today teaches us that we are often unaware ...

Increases in home price may not be good for buyers, but it is for mortgage performance, according to a recent report. What else could be contributing to the improved outlook?

Refinances fell in February as mortgage rates rose, according to the Federal Housing Finance Agency’s (FHFA) February 2017 Refinance report. The average interest rate on a 30-year fixed rate mortgage in February 2017 was 4.17 percent, up from January 2017’s 4.15 percent.

The balance of Fannie Mae's gross mortgage portfolio dropped from $436 billion in October down to $424 billion in November, marking the 52nd time in the last 53 months Fannie Mae's portfolio declined month-over-month. With the exception of December 2012, when the portfolio grew in value at a compound annualized rate of 1 percent, the value of the portfolio has declined every month since June 2010.

According to Freddie's monthly volume summary, released Monday, the company's total portfolio ended November at an estimated $1.9 trillion, up an annualized 0.4 percent. Year-to-date, the portfolio's growth rate is an average -0.7 percent, the result of six straight months of declines through the year's first half and an additional month of contraction in August.

According to Freddie Mac's monthly volume summary, released Tuesday, the mortgage giant's total loan portfolio grew last month at an annualized rate of 2.5 percent, the highest growth rate since March 2013.

According to Fannie's monthly volume summary, the mortgage giant's book totaled $3.12 trillion as of September 30, representing an annualized growth rate of 1.5 percent compared to August's decline of 4.0 percent.

According to the company's volume summary, Freddie Mac's total portfolio grew last month at an annualized rate of 2.2 percent, bringing the year-to-date average growth rate to -1.1 percent. The only other time the portfolio came up positive this year was in July, when it expanded at a rate of just 0.1 percent.