Fannie Mae Reports Rebound in Loan Purchases

Published March 04, 2013, 10:14 a.m. EST

1 Min Read

Fannie Mae reported a 23% jump in loan purchases in January, compared to the prior month, and a 28% jump in MBS issuance.

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The secondary market agency said late Friday that loan purchases totaled $88.4 billion in January, compared to $71.9 billion in December.

January MBS issuance hit $86.2 billion, up from $67.6 billion in December.

Friday’s report also shows the serious delinquency rate on Fannie’s single-family loan portfolio fell by 11 basis points from December to 3.18% in January.

The percentage of Fannie-guaranteed loans that are 90 days or more past due is down 72 basis points since January 2012.

Brian Collins

Reporter

Brian Collins covers the housing and mortgage market, including the Federal Housing Administration and the Department of Housing and Urban... Read full bio

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