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Fannie Posts Volume Growth.(Federal National Mortgage Association)(Financial report)(Brief article)
Washington -- Lower interest rates and a shift toward conforming lending helped Fannie Mae generate solid business growth in December.
The company said its total book of business increased at a 24.7% annualized rate in December. Fannie Mae MBS and other guarantees grew at an annualized rate of 27.1% and MBS issuance totaled $64 billion in December.
Its retained portfolio grew at a smaller pace, increasing at a 3.3% annualized rate in December.
Fannie Mae's conventional, single-family serious delinquency rate climbed ...
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Source: HighBeam Research, Fannie Posts Volume Growth.(Federal National Mortgage...