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The State of Fannie Mae’s Portfolio

Fannie Mae’s mortgage portfolio totaled $176 billion at the end of May 2019, according to its latest Monthly Summary, with the total of Fannie Mae mortgage-backed securities (MBS) and other guarantees reaching $3.172 trillion. The GSE completed $28 billion in mortgage purchases in May, and $24 billion in sales. Additionally, Fannie’s Conventional Single-Family Serious Delinquency Rate decreased to 0.70% in May while the Multifamily Serious Delinquency Rate increased to 0.07%. 

Fannie’s May summary also notes that it completed $52.9 billion in new business acquisitions. According tot he summary, Fannie Mae's Book of Business increased at a compound annualized rate of 4.7% in May.  

The summary notes that the Fannie Mae completed 4,589 loan modifications in May, and now has over $46.6 billion in MBS in its portfolio.

Combined, Fannie Mae and Freddie Mac completed 38,968 foreclosure prevention actions in Q1 2019, bringing the total number of foreclosure prevention actions to 4,322,804 since September 2008, according to the latest Federal Housing Finance Agency (FHFA) Foreclosure Prevention Report.

Of the over four million foreclosure prevention actions taken by the GSEs, the FHFA notes that actions, 3,629,411 have helped troubled homeowners stay in their homes, including 2,336,047 permanent loan modifications. Additionally, around 38% of loan modifications completed in Q1 reduced borrowers' monthly payments by more than 20%.

FHFA’s report also includes total numbers of home forfeiture actions. According to the report, Fannie Mae and Freddie Mac completed 1,542 short sales and deeds in lieu in the first quarter, bringing the total to 693,393 since conservatorship began.

“The number of completed short sales and deeds in lieu decreased 13% in the first quarter compared with the fourth quarter of 2018,” the FHFA states. “These foreclosure alternatives help to reduce the severity of losses resulting from a borrower’s default and minimize the impact of foreclosures on borrowers, communities, and neighborhoods.”

About Author: Seth Welborn

Seth Welborn is a Staff Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer.
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