Mortgage Daily Logo
mortgage news from industry experts

Fannie October Business Off by almost a Third

Record Business Volume at Fannie

$95.6 billion November business volume

December 16, 2002

By staff

Fannie Mae announced its November monthly summary Friday, donning its highest business volume on record.

Fannie reported almost $95.6 billion in business volume, compared with October’s $95.1 billion. In Nov. 2001, Fannie reported $61.3 billion in volume.

Year-to-date, the government sponsored housing enterprise’s business volume is at $735.1 billion.

Fannie’s book of business grew to $1.779 trillion from October’s $1.769 trillion, with a 15.1% growth rate. In November of last year, Fannie reported $1.538 trillion in its book of business.

The company’s gross mortgage portfolio grew to $760.8 billion from October’s $751.3 billion, with a 16% growth rate.

Dubbed its “Seventh Voluntary Initiative,” Fannie will voluntarily register its common stock with the Securities and Exchange Commission in 2003. This will permanently require the company to file its financial disclosures with the commission under the Securities Exchange Act of 1934, the company said.

Fannie reported that its portfolio duration gap moved further within range at +2.

Popular posts

How Long Does It Take to Refinance a Mortgage
How Long Does It Take to Refinance a Mortgage

So, you’re interested in refinancing your mortgage. Maybe you want some extra capital to do that home project you’ve always dreamed of, interest rates are nearing record lows, or you want to start consolidating debt. Regardless of the motivation behind the refinance,...

How Does Refinancing a Mortgage Work
How Does Refinancing a Mortgage Work

A home purchase is considered an investment, and a robust one at that. Savvy owners are constantly looking for new ways to reduce debt, save money, pay less in interest, and ultimately build equity. Refinancing is one way to leverage your investment and do just that....

What Does It Mean to Refinance Your Home
What Does It Mean to Refinance Your Home

You can think of refinancing your mortgage as a debt redo. Essentially, you’ll swap out the existing loan for a new one - ideally with better terms and conditions. Only this time it could help you save money on high mortgage payments, rather than just borrow it....

Setting up the Utilities in My New House
Setting up the Utilities in My New House

All the tedious, time-consuming home closing documents have been signed, sealed, and delivered. Your belongings are packed into what seems like a million boxes and you have a solid plan to haul all your existing furniture to the new place. Just as your boxes and...

When Is My First Mortgage Payment Due?
When Is My First Mortgage Payment Due?

Navigating your way through a brand new mortgage loan can be a difficult task, especially for first time homeowners. After handing over a large sum of money for the down payment and closing costs, it’s important to pay attention to the timing of your first mortgage...


Don’t worry, we don’t spam

calculate your monthly mortgage payment

Related Topics

Helpful Links

Daily mortgage rate trends

Best mortgage lenders

First-time homebuyers programs by state

Loan limits by state

Types of mortgages

APR vs interest rate

Understanding PMI

Related Posts