Fannie Mae Issues May Volume Summary

Fannie Mae's Book of Business increased at a compounded annual rate of 1.5 percent in April to a value of $3.168 trillion compared to $3.164 trillion in April. The Book has increased by 1.8 percent year-to-date in 2017 and gained 1.4 percent for all of 2016.

The company's mortgage portfolio had a balance of $255.721 billion at the end of the month.  This was composed of $198.236 billion in mortgage loans, $49.225 billion in Fannie Mae MBS, $2.814 billion in non-Fannie Mae mortgage securities which were agency and $5.416 billion non-agency.

Purchases into the Gross Mortgage Portfolio during the month amounted to $23.11 billion for a total of $122.45 billion for the year through May.  Sales during the month were $41.9 billion and liquidations $4.66 billion for year-to-date numbers of $119.36 billion and $19.72 billion respectively. 

The company issued $42.87 billion in guaranteed securities and mortgage loans during the month bringing the year's total so far to $230.37 billion.  Issuances in all of 2016 were a total $637.84 billion. There were liquidations totaling $34.61 billion for an ending balance of $2.94 trillion, a decline of 15.1 percent on an annualized basis.

The overall delinquency rate in Fannie Mae's conventional single-family portfolio was 1.04 percent, down 3 basis points from April.  The multi-family portfolio delinquency rate was unchanged at 0.04 percent.  The company completed 7,210 loan modifications during the month.