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GSE News | Fannie/Freddie Share Statistics
Fannie, Freddie and FHLB news. Coverage of government sponsored enterprise regulation, operations and litigation.

Mixed Results at Fannie

$199.1 billion Q2 purchases

July 30, 2008

By Mortgage Daily staff

Fannie Mae saw quarterly mortgage purchases rise. But monthly volume fell as delinquency rose for the 12th consecutive month.

Second-quarter new business acquisitions were $199.1 billion, according to a monthly operational summary released today. Volume climbed from $192.0 billion in the first quarter and $183.1 billion a year earlier.

During only June, secondary purchases were $63.8 billion, down from $69.3 billion in May and $64.0 billion in June 2007.

Purchase commitments were $38.3 billion in June, down from $43.0 billion the prior month.

The Washington, D.C.-based company's total book of business was $3.040 trillion on June 30, climbing $0.030 trillion from May 31. The book of business included a gross mortgage portfolio of $0.750 trillion and outstanding mortgage-backed securities of $2.290 trillion.

Serious residential delinquency of at least 90 days on residential loans, reported on a one-month lag, was 1.30 percent on May 31, climbing from 1.22 percent on April 30. Late payments have risen each month since May 2007, when delinquency stood at 0.62 percent.

Delinquency of at least 60 days on multifamily loans was 0.09 percent at the end of May, unchanged from April and lower than 0.11 percent 12 months prior.

Fannie's effective duration gap increased to a positive two months from one month in May.

Secondary Marketing News | Correspondent Lender Directory
Mortgage portfolio trades and forward commitments. Correspondent lending, r e p u r c h a s e s and warehouse news. Secondary marketing statistics and lawsuits.

Mortgage Backed Securities | MBS News | MBS Statistics
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Commercial Mortgage News | CRE Lender Directory | CRE Statistics
Stories about commercial lending on multifamily, office, retail and industrial properties.

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