Fannie Mae Releases September Summary

Fannie Mae's Guaranty Book of Business increased at a compound annualized rate of 1.6% in September. That’s according to Fannie Mae’s September 2022 Monthly Summary, released on Monday.

September's numbers mark a strong contrast compared to September of last year, when the compounded rate was 5.7%. However, the rate bumped up from August's recorded 1.1%. 

New business acquisitions for Fannie Mae in September totaled $44.2 billion. Again, that's a large downshift from September 2021's $108.7 billion in acquisitions, but a step above August 2022's $43.7 billion. 

Mortgage loans for September subsided to $55.9 billion from August's $56.9 billion. Year over year, mortgage loans for last September were $80.2 billion. 

The Fannie Mae MBS was recorded at $4.037 trillion for September, which was up from $4.031 trillion in August and $3.842 trillion last September.

The monthly summary also saw the conventional single-family serious delinquency rate fall 3 basis points to 0.69% in September. The multifamily serious delinquency rate decreased by 4 basis points to 0.26%. 

As of Sept. 30, 2022, Fannie Mae's maximum exposure to Freddie Mac collateral that was included in outstanding Fannie Mae resecuritizations was $239.9 billion.

More information on the summary can be found here.