twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
Origination News | Lender Ranking | Fundings by Lender | Statistics
Quarterly residential mortgage production by lender. Subprime, Alt-A, home equity and conforming originations. Volume by quarter since 2003.

Fannie's Business Up, Book Grows and Delinquency Down

New business acquisitions up 9% in July

Aug. 31, 2012

By staff

Thanks to a brisk level of new secondary activity, the multi-trillion-dollar book of business at the Federal National Mortgage Association grew last month. Residential delinquency fell to its lowest level in more than three years, and late payments on apartment loans declined for the eighth consecutive month.

In July, new business acquisitions totaled $77.104 billion, according to monthly operational data release by the secondary lender. Activity strengthened from $70.572 billion acquired in June.

Increased business at Fannie Mae is in stark contrast to Freddie Mac, where purchases and issuances sank in July to $32.549 billion from $44.103 billion in the previous month.

Fannie, like its government-controlled rival Freddie, improved business substantially from July 2011 -- when new business acquisitions were $39.426 billion.

During the first seven months of 2012, business at the Washington, D.C.-based company totaled $493.093 billion.

While Freddie saw its total mortgage portfolio slip below $2 trillion for the first time since August 2007, Fannie pushed its total book of business up to $3.1872 trillion in July from $3.1834 trillion as of June 30. Fannie's total was $3.1920 trillion at the same point last year.

Included in Fannie's July 31 total was a gross mortgage portfolio of $0.6670 trillion and $2.5203 trillion in outstanding mortgage-backed securities.

A new three-year low was established for residential delinquency of at least 90 days, which fell to 3.50 percent from 3.53 percent in June and 4.08 percent in July 2011.

The delinquency rate hasn't been this low since 3.42 percent in April 2009.

Also improving again was 60-day multifamily delinquency to 0.26 percent in July from 0.29 percent a month earlier and 0.45 percent a year earlier. The last time multifamily delinquency increased was in November 2011, when the 60-day rate was 0.60 percent.

Fannie Mae profile

next story

back to current headlines

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
News about commercial and residential mortgage-backed securities. Stories about ratings actions and changes to servicer ratings. Studies and reports about the performance of securitizations and problem vintages and classes. Subprime, Alt-A, home equity and j u m b o analysis.

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

Servicing News | Servicer Ranking | Delinquency Statistics
Stories about mortgage servicers, delinquency and f o r e c l o s u r e s. Coverage of servicing lawsuits and loan servicing technology.

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

Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders