Home / Daily Dose / Fannie Mae Portfolio Declines Again In October The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily Fannie Mae Portfolio Declines Again In October Subscribe December 1, 2014 1,134 Views Fannie Mae’s gross mortgage portfolio declined for the 51st time in the last 52 months in October, according to the mortgage giant’s October 2014 Monthly Summary released recently.The balance of Fannie Mae’s gross mortgage portfolio stood at $436.2 billion at the end of October, representing a compound annualized rate decline of 5 percent from September, according to the summary. With the exception of December 2012, when the portfolio grew in value at a compound annualized rate of 1 percent, the value of the portfolio has declined every month since June 2010. At the end of that month nearly four and a half years ago, the portfolio’s value was almost $818 billion.Year-to-date in 2014, the portfolio has declined at an average annualized rate of 13.2 percent.Fannie Mae’s total book of business components also declined in October after seeing its first increase of 2014 in September, according to the summary. The book of business decreased at a compound annualized rate of 0.9 percent, down to nearly $3.2 trillion. The book of business has declined in 10 out of the last 11 months and has declined at an average compound annualized rate of 1.8 percent year-to-date.Also in October, the serious delinquency rate on Fannie Mae’s conventional single-family mortgage loans declined by four basis points from September down to 1.92 percent, according to the summary. October marked the 35th month in a row the serious delinquency rate declined at least one basis point month-over-month; the last time the rate did not decline was when it held steady at 4.0 percent from October to November 2011. The rate has not increased since January to February 2010, when it jumped from 5.52 percent up to 5.59 percent.The value of Fannie Mae’s mortgage-backed securities and other guarantees totaled nearly $2.8 trillion in October, representing an annualized compound growth rate of 1.0 percent from the previous month, according to the summary.Fannie Mae completed 9,540 loan modifications in October and has completed 106,455 loan modifications year-to-date as of October 31, 2014. About Author: Brian Honea Tagged with: Fannie Mae Mortgage-Backed Securities Serious Delinquency Rate Volume Summary Data Provider Black Knight to Acquire Top of Mind 2 days ago Fannie Mae Mortgage-Backed Securities Serious Delinquency Rate Volume Summary 2014-12-01 Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago Share Save Demand Propels Home Prices Upward 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Previous: Sixteen Charged in Nationwide House Flipping Telemarketing Scam Next: DS News Webcast: Tuesday 12/2/2014 Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Print This Post The Best Markets For Residential Property Investors 2 days ago
Forgot Password ? Google Topics : Businesspeople have sought to defend the recently passed Job Creation Law days after 11 ministers did so, claiming that the regulation will uphold labor rights and will address high labor costs and productivity issues.Indonesian Employer Association (Apindo) chair Hariyadi Sukamdani said on Friday that issues preventing businesses from employing more people formed the background of the drafting and deliberation of the omnibus law. He said the legislation aimed to redress a long-term decline in employment.“In the span of 17 years since Law No. 13/2003 on labor was passed, a significant decline in employment has taken place,” he said in a virtual discussion held by the association. “This is in contrast to the growth of our workforce, which has increased by more than 2 million people every year.”From February 2019 to February of this year, 1.73 million In… Facebook Linkedin Log in with your social account LOG INDon’t have an account? Register here APINDO job-creation-law Omnibus-Law-on-Job-Creation investment labor-law unemployment productivity Jokowi
AURORA, Ind. — Hillforest Victorian House Museum will re-open for its 61st touring season on Saturday, April 1.The 1855 fully restored Victorian home of Thomas and Sarah Gaff in Aurora, offers guided tours Tuesday through Sunday from 1 – 5 PM.Admission is $10 for anyone age 14 and up, or $4 for children ages 7 -13.Kids 6 and under are free. Hillforest’s featured exhibit is “Bags, Bonnets, and Baubles,” a display of antique and vintage ladies hats, purses, and jewelry.Hillforest is a National Historic Landmark and one of Dearborn County’s top tourist attractions.