Fannie Mae Releases January 2021 Monthly Summary
Fannie Mae’s (OTCQB: FNMA) January 2021 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae’s monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, serious delinquency rates, and loan modifications.
The monthly Summary highlights are:
• Fannie Mae’s Guaranty Book of Business increased at a compound annualized rate of 6.0% in January.
• The Conventional Single-Family Serious Delinquency Rate decreased 7 basis points to 2.80% in January.
• The Multifamily Serious Delinquency Rate decreased 2 basis points to 0.96% in January.
• As of January 31, 2021, 3.2% and 2.9% of our Single-Family Conventional Book of Business based on unpaid principal balance and loan count, respectively, was in active forbearance, the vast majority of which were
related to COVID-19; 11% of these loans in forbearance (based on loan count) were current.
• As of January 31, 2021, 0.4% of our Multifamily Guaranty Book of Business based on unpaid principal balance was in an active forbearance, the vast majority of which were related to COVID-19.
• In January 2021, Fannie Mae issued resecuritizations that were backed by $11.9 billion in Freddie Mac securities.
• As of January 31, 2021, Fannie Mae’s maximum exposure to Freddie Mac collateral that was included in outstanding Fannie Mae resecuritizations was $143.3 billion.
IMPORTANT NOTE:
Fannie Mae has been under conservatorship, with the Federal Housing Finance Agency (FHFA) acting as
conservator, since September 6, 2008.
