Cannabis Report
Home > Boards > US OTC > Banking and Finance > Fannie Mae (FNMA)

GSE Jumbo Share Rising With Heavy Refi Volume

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
navycmdr Member Profile
Member Level 
Followed By 235
Posts 26,085
Boards Moderated 0
Alias Born 10/11/05
160x600 placeholder
navycmdr Member Level  Tuesday, 08/04/15 02:54:15 PM
Re: None
Post # of 466277 
GSE Jumbo Share Rising With Heavy Refi Volume

By John Bancroft jbancroft@imfpubs.com

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.

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist