Fannie Mae issued $629.5 billion in mortgage-backed securities in 2007, up 30% from the level recorded in the previous year, as the government-sponsored enterprise benefited from the meltdown in the private-label MBS market. In December, Fannie issued $64.0 billion in guaranteed MBS -- its best month since April 2003, when MBS issuance totaled $78.7 billion and lenders could barely keep up with the refinancing boom. November 2007 issuance totaled $62.6 billion. The monthly report shows that Fannie's mortgage investment portfolio ended the year at $723.9 billion, up slightly from $721.4 billion at the beginning of 2007. Fannie's regulator has a cap on the growth of the GSE's portfolio growth, which might be removed this year. Fannie can be found online at http://www.fanniemae.com.
-
The top five producers had an average dollar loan volume of more than $140 million in 2023.
2h ago -
The threats to companies loom as borrowers face soaring homeowners insurance costs, ex-Ginnie Mae head Ted Tozer explains.
3h ago -
After several quarters of slumping investment banking and trading fees, the Charlotte, North Carolina-based company reported a big uptick from that division, which helped compensate for a large decline in net interest income.
April 22 -
The Federal Housing Administration, the Department of Veterans Affairs and the Federal Housing Finance Agency have started gathering data and analyzing how climate risk will impact the housing ecosystem.
April 22 -
The Federal Reserve's Office of the Inspector General says the Fed has yet to fulfill 65 recommendations, and also identified 18 outstanding issues at the Consumer Financial Protection Bureau.
April 22 -
A special committee is exploring any possible structural "strategic alternatives," which would be aimed at increasing shareholder value, the real estate investment trust said.
April 22