Fannie Mae reported record business volume at Fannie Mae in November, with the government-sponsored housing enterprise posting its highest monthly total on record.
The company logged almost $95.6 billion in November business volume, edging October’s $95.1 billion. In November 2001, Fannie reported $61.3 billion, underscoring how sharply volumes have climbed year over year.
Year-to-date, Fannie Mae’s business volume stood at $735.1 billion.
Book of business and portfolio growth
Fannie’s book of business grew to $1.779 trillion from October’s $1.769 trillion, reflecting a 15.1% growth rate. In November of last year, the GSE reported $1.538 trillion in its book of business.
The company’s gross mortgage portfolio increased to $760.8 billion from October’s $751.3 billion, a 16% growth rate.
Voluntary SEC registration and risk profile
Dubbed its “Seventh Voluntary Initiative,” Fannie Mae said it will voluntarily register its common stock with the Securities and Exchange Commission in 2003. That move will permanently require the company to file financial disclosures with the SEC under the Securities Exchange Act of 1934.
Fannie also reported that its portfolio duration gap moved further within its targeted range at +2, signalling tighter control over interest-rate risk as its record business volume continues to grow.
