Shares of Fannie Mae (FNM) climbed 3 percent in midday trade Friday.
The Office of Federal Housing Enterprise Oversight no longer requires Fannie Mae to report the numbers, which exclude expenses, for its mortgage portfolio assets. For investors, the adjusted mortgage portfolio assets were approximately $719 billion as of Nov. 30, the agency said.
Fannie said its net retained commitments fell to $4.5 billion in November, and that its book of business grew at an annualized compound rate of 15.4 percent.
Fannie's duration gap, a measure of the portfolio's sensitivity to interest rates, averaged one month in November.
The conventional single-family delinquency rate rose to 0.83 percent in October from 0.78 percent in September.
The multifamily serious delinquency rate fell to 0.07 percent in October from 0.08 percent in September.
Total residential mortgage debt outstanding grew at a compound annualized rate of 7.6 percent to $11.8 trillion during the third quarter of 2007, compared with a rate of 10.2 percent in the third quarter of 2006.
Real Estate Designers offers totally innovative solutions for your software development, Internet programming, real estate web design and hosting needs. Our service includes domain name registration and real estate web design. Real Estate Designers provides the complete solution including design, application development and marketing.
source: money.cnn.com
No comments:
Post a Comment