Fannie Mae and Freddie Mac released monthly summary reports covering October. The reports contain information about the GSEs' monthly and year-to-date activities related to gross mortgage portfolios; mortgage-backed securities; and other guarantees, interest rate risk measures, serious delinquency rates, and loan modifications.
The full Fannie report can be found on Fanniemae.com [1]. The following are the October 2020 highlights provided within the report:
- Fannie Mae's Guaranty Book of Business increased at a compound annualized rate of 12.0%
- The Conventional Single-Family Serious Delinquency Rate decreased 15 basis points to 3.05%
- 3.6% of Fannie's Single-Family Conventional Book of Business based on unpaid principal balance and loan count, respectively, was in active forbearance, the vast majority of which were related to COVID-19; 17% of these loans in forbearance (based on loan count) were still current
- 0.5% of our Multifamily Guaranty Book of Business based on the unpaid principal balance was in an active forbearance, the vast majority of which were related to COVID-19
- Fannie Mae issued resecuritizations that were backed by $10.5 billion in Freddie Mac securities
- Fannie Mae's maximum exposure to Freddie Mac collateral that was included in outstanding Fannie Mae resecuritizations was $123.1 billion.
The full Freddie report can be found on FreddieMac.com [2], and the enterprise reported the following highlights:
- The total mortgage portfolio increased at an annualized rate of 25.7%
- Single-family refinance-loan purchase and guarantee volume was $89.7 billion, representing 71% of total single-family mortgage portfolio purchases and issuances.
- The aggregate unpaid principal balance (UPB) of our mortgage-related investments portfolio decreased by approximately $6.7 billion
- Freddie Mac mortgage-related securities and other mortgage-related guarantees increased at an annualized rate of 26.1%
- The measure of our exposure to changes in portfolio value (PVS-L) averaged $10 million