Fannie Reports Slowing Loan Purchases in March

Published May 01, 2013, 10:30 a.m. EDT

Updated May 01, 2013, 5:07 p.m. EDT

1 Min Read

Loan acquisitions by Fannie Mae fell 11% in March following a 9% decline in February, according to the secondary market agency.

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Fannie acquired $71.5 billion in loans and securities in March while new commitments to purchase loans were relatively unchanged at $74.5 billion.

Fannie’s cross-town competitor, Freddie Mac, purchased nearly $52 billion in mortgage loans and securities in March, up 21% from the prior month. (Freddie released its monthly activity report April 25.)

Fannie released its monthly report Tuesday. And it also shows the GSE issued $67.5 billion in mortgage-backed securities in March, down 12.5% from the month prior.

In terms of loan performance, the serious delinquency rate on Fannie’s single-family loan portfolio fell 11 basis points from February to 3.02% in March. The percentage of Fannie-guaranteed loans that are 90 days or more past due has fallen 65 bps since March 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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