- Fannie Mae’s Guaranty Book of Business increased at a compound annualized rate of 0.4% in November.
- The Conventional Single-Family Serious Delinquency Rate decreased 1 basis point to 0.66% in November.
- The Multifamily Serious Delinquency Rate remained flat at 0.04% in November.
- In November 2019, Fannie Mae issued resecuritzations that were backed by $8.0 billion in Freddie Mac securities.
- As of November 30, 2019, Fannie Mae’s maximum exposure to Freddie Mac collateral that was included in outstanding Fannie Mae resecuritizations was $46.4 billion.
Additionally, STL.News reported that Black Knight, Inc. reported the “first look” at November 2019 month-end mortgage performance statistics. They are as follows:
- November’s 33,500 foreclosure starts marked a 26% year-over-year decline, and the lowest monthly volume since Black Knight began recording the metric in 2000
- The national foreclosure rate also fell by 3% from October to hit its lowest level since 2005
- Delinquencies rose seasonally in November, but remain nearly 5% below last year’s level
- Prepayment activity fell 19% from October’s six-year high due to both seasonal declines in home-sale-related prepays as well as higher interest rates impacting refinance incentive
- Despite the pullback, prepayment activity remains 123% above this point last year
All signs are positive as we approach 2020 approaches. We will continue to monitor the data and keep our readers updated.