Fannie Mae-No Politics (FNMA): Fannie Regains Market Share as Mortgage...

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Tuesday, 09/15/2020 5:38:21 PM

Tuesday, September 15, 2020 5:38:21 PM

Fannie Regains Market Share as Mortgage Giants Set Monthly Record

Tues Sept 15, 2020 jbancroft@imfpubs.com

Fannie Mae and Freddie Mac set a new monthly record for single-family mortgage-backed securities issuance in August, while claiming a growing share of the overall mortgage market.

Fannie had the edge as the two rivals combined for $249.31 billion in single-family MBS issuance in August. That represented a 7.4% increase from July, which set an all-time high that lasted just a month.

Fannie posted a 9.7% monthly gain; Freddie was up 4.7% from July.

Quicken Loans remained the top seller in the GSE market by increasing monthly sales by 19.6% in August. Its Freddie business was up 36.2%, compared with an 11.0% gain in sales to Fannie. Wells Fargo moved up a rung to second place thanks to a hefty 68.4% jump in GSE loan sales.

For full details and exclusive tables on loans sold to Fannie and Freddie, see the new edition of Inside The GSEs, now available online.