Fannie Mae's Portfolio Rises 2% YTD

Posted To: MND NewsWire

Fannie Mae said on Wednesday that its Book of Business increased at a compounded annual rate of 1.3 percent in April to a value of $3.164 trillion. The Book has increased by 1.9 percent year-to-date in 2017 and gained 1.4 percent for all of 2016. The company's mortgage portfolio had a balance of $278.46 billion at the end of April. This was composed of $201.48 billion in mortgage loans, $67.55 billion in securitizations, $2.7 billion in non-Fannie Mae mortgage securities which were agency and $6.52 billion non-agency. Purchases into the Gross Mortgage Portfolio during the month amounted to $34.87 billion for a total of $99.34 billion for the year through April. Sales during the month were $22.01 billion and liquidations $3.26 billion for year-to-date numbers of $78.17 billion and $15.06 billion...(read more)

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from Mortgage News Daily http://ift.tt/2qFD3Zc