Fannie Mae’s monthly summary showed a compound annualized growth rate of 1.5 percent for May 2017, an increase of 0.2 percent from the 1.3 percent annual growth rate shown in April. Fannie Mae's book of business also increased at a compound annualized rate of 1.5 percent.
Fannie Mae also reported that the conventional single-family serious delinquency rate decreased three basis points to 1.04 percent in May, from 1.07. A year prior, the overall rate was 1.38 percent. The multifamily serious delinquency rate remained flat at 0.04 percent, which is a 0.01 percent decrease year-over-year.
The first five months of 2016 showed 1.8 percent monthly growth year-to-date. Fannie Mae’s total book of business showed a compound annual growth rate of 1.4 percent for all of 2016, which compares with a 1.8 percent compound growth rate year to date in 2017. Fannie Mae's gross mortgage portfolio increased temporarily in April and came back down in May to $255,721 from $278,462. For the full year in 2016, total mortgage portfolio end balance was 272,354.
Fannie Mae added that it had completed 7,210 loan modifications in April.
**The monthly summary report contains information about Fannie Mae’s monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, serious delinquency rates, and loan modifications.
Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit fanniemae.com and follow us on twitter.com/FannieMae.**