Tag Archives: Delinquency

Fannie Mae's book of business fell in August at a compound rate of 0.8 percent, a slower pace than -1.7 percent in July. Year-to-date, the book's average monthly growth rate was -1.1 percent as of the end of the month. The secondary market giant's gross mortgage portfolio continued to drop, though the rate of contraction was slower at 29.6 percent negative growth. Year-to-date, the average monthly growth rate for the portfolio was -23.1 percent in August. New business acquisitions were also down.

Freddie Mac's mortgage portfolio shrank in August at the fastest rate so far this year. The portfolio contracted at a rate of 5.0 percent, turning down further from July's -1.7 percent growth rate.

Fannie Mae's book of business shrank for the second consecutive month in July as its gross mortgage portfolio continued to decline.

The latest volume summary from Freddie Mac shows business continues to defy any sort of trend this year.

Despite concerns about rising mortgage rates and low inflation, the Federal Open Market Committee (FOMC) voted Wednesday to continue its policy of near-zero interest rates and its $85-billion-per-month bond-buying program. In a subtle change of language, the committee "reaffirmed its view that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the asset purchase program ends."

Citing improvements in manufacturing, tourism, commercial and residential real estate and in the financial sector, the Federal Reserve said the nation's economy continued to increase at a modest to moderate pace from late May through early July.

According to Fannie Mae's monthly volume summary, the GSE's book of business grew at a compound rate of 0.3 percent in May, just edging out April's 0.2 percent growth.

The growth rate on Freddie Mac's mortgage portfolio dipped back into negative numbers again in May, the GSE reported in its monthly volume summary.

Fannie Mae's total book of business grew slightly in April, though its mortgage portfolio saw another sizable dip.

Fannie Mae's total Book of Business shrank 1.8 percent in January, falling to $3.186 trillion from December's $3.190 trillion.