Fannie Mae (FNMA)

[navycmdr]

GSE Jumbo Share Rising With Heavy Refi Volume

By John Bancroft [e-mail]

Fannie Mae and Freddie Mac are getting more business in the so-called conforming-jumbo market this year, according to a new Inside The GSEs analysis of mortgage-backed securities data.

Through the first six months of 2015, the two GSEs securitized $39.44 billion of home loans that exceed $417,000, the maximum loan amount in areas that are not designated high-cost markets.

That figure, including only mortgages for one-unit properties, was up 112.5 percent from the first half of 2014, about double the 55.8 percent growth rate in total Fannie/Freddie business over that period.

Conforming-jumbo loans accounted for 9.6 percent of total GSE business on single-unit properties in the first half of this year, compared to 7.1 percent for the first six months of 2014. For more details and an exclusive ranking of the top sellers of conforming jumbos to Fannie and Freddie, see the new edition of Inside The GSEs, now available online.