Housing Mortgages Information

Fannie Mae’s Portfolio Down 18% in July, Delinquencies Rising

August 28, 2009 – 7:22 am Business at Fannie Mae was recovering mid-way through the summer, though the total value of its portfolio remains down nearly one-fifth, according to a press release on Thursday. The government-sponsored purchaser of mortgages said its Book of Business grew at a compound annualized rate of 10.1% in July, helping the year-to-date figure improve to 6.1%. However, its total mortgage portfolio declined at an annualized rate of 18.2%. In July, the portfolio fell by 1.7%, the first dip in three months...(read more)