Fannie Activity Climbs, Book of Business Nearing $2 Trillion

Monthly business summary
By MortgageDaily.com staff
5/14/2003

Loan business continued its steady climb for Fannie Mae, according to the company's latest production numbers.

Business volume for April totaled $139 billion, trouncing March's $108.8 billion, according to the statement.

Single-family issues were reported as $121 billion of the volume. Year-to-date business volume totaled $475 billion, the statement said.

Edging closer to the two trillion mark, Fannie's book of business was reported at $1.97 trillion at the end of April, up $50 billion from March's total, reflecting a 2.6 percent-growth rate.

The company's mortgage portfolio totaled $817.9 billion at the end of April, according to the report; almost unchanged from March, which suffered a slight loss over February's numbers.

Fannie reported a two-basis point drop in single-family deliquencies and a three-basis point climb in multi-family deliquencies.

The company's duration gap remained at -2 for the month, unchanged from March.

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