Fannie Mae’s Mortgage Portfolio Dropping Yet Again
SOURCE: CNN
November brings a $10 billion drop in Fannie Mae's mortgage portfolio.
Shares of Fannie Mae climbed by 3% last Friday even though its gross mortgage portfolio fell from $732.3 billion down to $722 billion in November. Fannie's book of business grew at an annualized compound interest rate of 15.4% and its net retained commitments fell to $4.5 billion.
Now, the Office of Federal Housing Enterprise Oversight will no longer require Fannie Mae to report the numbers for its mortgage portfolio assets.
Read full report »
November brings a $10 billion drop in Fannie Mae's mortgage portfolio.
Shares of Fannie Mae climbed by 3% last Friday even though its gross mortgage portfolio fell from $732.3 billion down to $722 billion in November. Fannie's book of business grew at an annualized compound interest rate of 15.4% and its net retained commitments fell to $4.5 billion.
Now, the Office of Federal Housing Enterprise Oversight will no longer require Fannie Mae to report the numbers for its mortgage portfolio assets.
Read full report »
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