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Home | News | Government

Fannie Mae’s Gross Mortgage Portfolio Experiences Rare Monthly Expansion

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Fannie Mae's Book of Business decreased in January, but the GSE's gross mortgage portfolio experienced a rare expansion, according to Fannie Mae's January 2015 Monthly Volume Summary released Friday. After dropping by almost $11 billion from November to December and declining in 53 of the last 54 months, Fannie Mae's gross mortgage portfolio expanded in January at a compound annualized rate of 3.5 percent, from $413.3 billion up to $414.4 billion. It was the first time the portfolio expanded from month to month since December 2012 and only the second time since June 2010.

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Mortgage Insurer Compares FHA With Private Market at Congressional Hearing

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If a loan defaults, FHA covers virtually 100 percent of loss, while MI covers first losses down to a stated coverage percentage. FHA’s policy may provide less incentive to ensure that loans are underwritten and serviced in a sensible and sustainable way, while MI’s policy may create a stronger incentive to better underwriting and good servicing, according to Gupta.

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FHA Commissioner Reaffirms Commitment to Middle Class, Administration’s Role

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Federal Housing Administration (FHA) Acting Commissioner Biniam Gebre reaffirmed his organization's commitment to America's middle class as well as the role of the Administration and defended the FHA's recent lowering of the mortgage insurance premiums in statement released Thursday. Gebre's statement provides a preview of his upcoming appearance at the Five Star Government Forum on March 18 in Washington, D.C., where he will sit down for a one-on-one interview with Five Star Institute President and CEO Ed Delgado to discuss FHA's recent housing policy changes and the future of the organization.

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Fannie Mae Reports Reduced Income for Q4, Full Year 2014

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Based on its net worth—about $3.7 billion—Fannie Mae said it will pay $1.9 billion in dividends to Treasury, per the terms of the GSEs' amended bailout agreement. As of March, the company will have paid a total of $136.4 billion to taxpayers on the $116.1 billion it drew as a result of the financial meltdown.

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