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Fannie Mae Gross Mortgage Portfolio Continues Strong

Fannie Mae’s April 2017 monthly summary showed a compound annual growth rate of 1.3 percent for the month, a decrease from the 3.2 percent annualized growth rate shown in March.

The monthly growth rate also reflected a small slowdown for the year to date, which now stands at 1.9 percent over the first four months of 2016. Fannie Mae’s total book of business showed a compound annual growth rate of 1.4 percent for all of 2016, with the best month being September, which reflected a 4.0 percent increase over the same month the previous year.

Fannie Mae's gross mortgage portfolio increased temporarily in April, at a compound annualized rate of 52.5 percent, and is expected to decrease significantly in May, according to Fannie Mae executives. They gave no reason for the temporary blip in the numbers. For the first four months of the year, Fannie Mae’s gross mortgage portfolio is 6.9 percent ahead of where it was for the first four months of last year.

Fannie Mae also reported that the conventional single-family serious delinquency rate decreased five basis points to 1.07 percent in April, marking its lowest level so far this year. In January and again in February, the rate stood at 1.17 percent before decreasing to 1.12 percent in March. By contrast, in 2016, the conventional single-family delinquency rate ran from a high of 1.36 percent in Aprl to a low of 1.16 percent in December.

According to the Fannie Mae report, the multifamily serious delinquency rate decreased one basis point to 0.04 percent in April. The rate had been 0.05 percent each of the other months of the year, the same rate it had been at for much of 2016. The highest rate it stood at in 2016 was 0.08 percent in July of that year. The rate was at 0.05 percent in April and May and again in December of 2016.

Fannie Mae added that it had completed 6,740 loan modifications in April.

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