Industry News

Fannie Mae shrinks real estate loan portfolio

Company on fiscal diet
Published on Aug 26, 2005

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by CareyBot

Mortgage giant Fannie Mae, the largest U.S. home funding company, said on Thursday its mortgage portfolio slumped an annualized 25.3 percent in July, the portfolio’s ninth consecutive monthly decline. Fannie Mae’s retained portfolio totaled $788.8 billion at the end of ...