It contains information about monthly and year-to-date activities
The Federal National Mortgage Association (Fannie Mae), has released its July 2023 report.
It includes information regarding the company’s monthly and year-to-date activities for its gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, as well as serious delinquency rates.
In the report, Fannie Mae’s guaranty book of business had a notable increase in its compound annualized rate in July, reaching 1.1%. Its conventional single-family serious delinquency rate decreased by one basis point to 0.54%. The multifamily serious delinquency rate had a 10-point increase, reaching 0.47%.
Fannie Mae’s exposure to Federal Home Loan Mortgage Corporation (Freddie Mac) collateral that was included in the outstanding Fannie Mae re-securitizations, or assets pooled to repackaged into securities bearing interest, was around $222.6 billion as of July 31, 2023.
In June 2019, Fannie Mae and Freddie Mac began issuing uniform mortgage-backed securities (UMBS). Fannie Mae also started issuing blended re-securitizations that were backed in whole or in part by the securities of Freddie Mac.
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