Tag Archives: Delinquency

Fannie Mae's book of business decreased at a compound annualized rate of 1.7 percent over the month of June, slower than the previous month's rate of 2.4 percent but continuing a streak of decreases that has persisted all year so far. Year-to-date, Fannie Mae's book of business has declined at a compound annualized rate of 2.2 percent.

Freddie Mac's mortgage portfolio shrank in June at its slowest pace so far this year as new business hit a six-month high. The mortgage giant reported in its June volume summary that its total portfolio declined at an annualized rate of 0.1 percent, down from May's contraction rate of 2.1 percent and bringing the monthly growth average to -2.0 percent.

Fannie Mae's book of business shrank for the sixth straight month in May as the enterprise's mortgage portfolio continued its decline. In its monthly volume summary, Fannie revealed its total book of business contracted at a compound rate of 2.4 percent in May, slightly slower than April's negative growth rate of 2.7 percent. Year-to-date, the book has seen an average annualized negative growth rate of 2.3 percent.

On Wednesday, Freddie Mac released its monthly Multi-Indicator Market Index (MiMi) showing mixed signals for the U.S. housing market, with most markets struggling to improve at a pace faster than a slow crawl. Despite declining mortgage delinquencies, improving local employment, house price gains, and attractive mortgage rates, most housing markets remain weak due to weak home purchase mortgage applications.

Freddie Mac's total mortgage portfolio decreased at an annualized rate of 2.1 percent in May, the company revealed in its latest volume summary. Purchases and issuances totaled $19.5 billion in May, down slightly from April’s figure of $19.8 billion. As of the end of May 2014, purchases and issuances totaled $91.8 billion.

A survey from the New York Fed finds consumers expect home prices to increase over the next year in every region except one—the South—where a slight decrease is expected.

Fannie Mae's book of business shrank again in April, continuing an uninterrupted streak of declines that started at the end of 2013. According to the enterprise's volume summary report, the book's total value contracted in April at a compound negative growth rate of 2.7 percent. As of April 30, the book's value was an estimated $3.14 trillion.

After sinking steadily for the last 10 months, new business activity has picked up a bit for Freddie Mac—though that didn't stop its portfolio from shrinking again. The mortgage giant released Wednesday its volume summary for April, recording a negative annualized growth rate of 3.0 percent for its total mortgage portfolio. It was the highest rate of contraction since October, when the portfolio shrank at a rate of 6.4 percent.

Fannie Mae’s book of business declined for the first three months of this year, ending the first quarter with a monthly compound annualized rate of -1.8 percent. Over the first quarter, the GSE’s book of business declined at a compound annualized rate of 2.2 percent. Fannie’s gross mortgage portfolio has also been on the decline over the first three months of this year, though at a much slower rate in March than in the first two months of the year.

In a release issued this week, Freddie Mac announced it has opened up its “full menu” of relief policies for homeowners whose homes were damaged or destroyed by late April storms that swept across parts of the South and the Great Plains.