Fannie Mae's October Volume Edges Higher

Posted To: MND NewsWire

Fannie Mae's Book of Business increased at a compounded annual rate of 1.6 percent in October, to a value of $3.200 trillion compared to $3.195 trillion in September. The Book has increased by 2.1 percent year-to-date, and gained 1.4 percent for all of 2016. The company's mortgage portfolio had a balance of $235.779 billion at the end of the month. This was composed of $182.640 billion in mortgage loans, $47.824 billion in Fannie Mae MBS, $1.610 billion in non-Fannie Mae mortgage securities which were agency and $3.705 billion in non-agency securities. Purchases into the Mortgage Portfolio during the month amounted to $23.756 billion for a total of $245.837 billion for the year through October. Sales for the month totaled $30.133 billion and liquidations $2.977 billion, for year-to-date numbers...(read more)

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