Mortgage Daily

Published On: December 16, 2002
Record Business Volume at Fannie

$95.6 billion November business volume

December 16, 2002

By MortgageDaily.com 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.

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