Fannie Mae’s October Volume Edges Higher

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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 of $246.854 billion and $35.558 billion respectively.

The company issued $46.263 billion in
guaranteed securities and mortgage loans during the month bringing the year’s
total so far to $479.703 billion. 
Issuances
in all of 2016 totaled $637.84 billion. There were
liquidations of $38.099 billion for an ending balance of $2.997 trillion, a
decline of 15.8 percent on an annualized basis.

The overall delinquency rate in Fannie
Mae’s conventional single-family portfolio was 1.01 percent, unchanged from
September. The multi-family portfolio delinquency rate ticked up 2 basis points
to 0.05 percent.  The company completed 7,293
loan modifications during the month, nearly 1,300 more than in September.



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