first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Fannie Mae Freddie Mac GSE Morgtage Portfolios Urban Institute 2016-04-26 Brian Honea April 26, 2016 1,415 Views Home / Daily Dose / GSE Mortgage Portfolio Wind Down Stays on Track Fannie Mae and Freddie Mac both experienced slight expansions for their mortgage portfolios to start of the year—but the winding down of the portfolios under the FHFA conservatorship is still on track because the values of the portfolios are down relative to where they were a year ago, according to a report from the Urban Institute released Tuesday.The Urban Institute’s Housing Finance at a Glance: March 2016 Chartbook reported that the unpaid principal balance (UPB) in Fannie Mae’s mortgage portfolio, which totaled $346.5 billion at the end of January, was only slightly higher than the 2016 cap of $339.3 billion.Likewise, the UPB in Freddie Mac’s mortgage portfolio as of the end of January, $349.6 billion, was only slightly higher than the 2016 cap.“Both GSEs increased their portfolio slightly in January 2016; this should not be an issue as the GSEs are reasonably close to the year-end 2016 portfolio goal,” the report stated. “Relative to January 2015, Fannie Mae contracted by 16.4 percent, and Freddie Mac by 14.2 percent. They are shrinking their less liquid assets (mortgage loans and non-agency MBS) at close to the same pace that they are shrinking their entire portfolios.”The less liquid assets for the Fannie Mae and Freddie Mac declined at a rates of 14.7 percent and 18.1 year-over-year in January, respectively.In February, the mortgage portfolios returned to contraction for the GSEs after the slight upticks in January. For Freddie Mac, the mortgage-related investments portfolio contracted at an annualized rate of 10.1 percent over-the-month in February—computing to a monthly decline of about $3 billion, down to a balance of about $346.6 billion.Fannie Mae’s gross mortgage portfolio contracted at an annual rate of 27.8 percent in February after January’s rare expansion. The February contraction translated to a month-over-month decline of more than $11 billion down to a value of about $337.2 billion by the end of February—below the 2016 cap of $339.3 billion.Click here to view the entire Chartbook. Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles About Author: Brian Honea Demand Propels Home Prices Upward 2 days ago  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days agocenter_img Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago GSE Mortgage Portfolio Wind Down Stays on Track The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Fannie Mae Freddie Mac GSE Morgtage Portfolios Urban Institute Subscribe in Daily Dose, Featured, News, Secondary Market Previous: Lawmaker Pushes for Next Step in CFPB Reform Next: DS News Webcast: Wednesday 4/27/2016 Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days agolast_img read more