first_img Fannie Mae’s mortgage portfolio totaled $176 billion at the end of May 2019, according to its latest Monthly Summary, with the total of Fannie Mae mortgage-backed securities (MBS) and other guarantees reaching $3.172 trillion. The GSE completed $28 billion in mortgage purchases in May, and $24 billion in sales. Additionally, Fannie’s Conventional Single-Family Serious Delinquency Rate decreased to 0.70% in May while the Multifamily Serious Delinquency Rate increased to 0.07%. Fannie’s May summary also notes that it completed $52.9 billion in new business acquisitions. According tot he summary, Fannie Mae’s Book of Business increased at a compound annualized rate of 4.7% in May.  The summary notes that the Fannie Mae completed 4,589 loan modifications in May, and now has over $46.6 billion in MBS in its portfolio.Combined, Fannie Mae and Freddie Mac completed 38,968 foreclosure prevention actions in Q1 2019, bringing the total number of foreclosure prevention actions to 4,322,804 since September 2008, according to the latest Federal Housing Finance Agency (FHFA) Foreclosure Prevention Report.Of the over four million foreclosure prevention actions taken by the GSEs, the FHFA notes that actions, 3,629,411 have helped troubled homeowners stay in their homes, including 2,336,047 permanent loan modifications. Additionally, around 38% of loan modifications completed in Q1 reduced borrowers’ monthly payments by more than 20%.FHFA’s report also includes total numbers of home forfeiture actions. According to the report, Fannie Mae and Freddie Mac completed 1,542 short sales and deeds in lieu in the first quarter, bringing the total to 693,393 since conservatorship began.“The number of completed short sales and deeds in lieu decreased 13% in the first quarter compared with the fourth quarter of 2018,” the FHFA states. “These foreclosure alternatives help to reduce the severity of losses resulting from a borrower’s default and minimize the impact of foreclosures on borrowers, communities, and neighborhoods.” Data Provider Black Knight to Acquire Top of Mind 2 days ago Fannie Mae MBS Mortgage Rates 2019-07-01 Seth Welborn Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Housing Market Snapshot: Delinquencies, Prepayments, and Refi Potential Next: Report: Investors Not Buying Into Housing Market Demand Propels Home Prices Upward 2 days ago The State of Fannie Mae’s Portfolio Tagged with: Fannie Mae MBS Mortgage Rates Home / Daily Dose / The State of Fannie Mae’s Portfolio About Author: Seth Welborn Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. July 1, 2019 1,670 Views  Print This Post The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, Investment, Market Studies, News Subscribelast_img

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