Fannie Mae's mortgage portfolio increased by an annualized 21.4 percent in December, its first growth in 14 months, the mortgage giant said Tuesday. Fannie Mae's retained mortgage holdings totaled $727.2 billion at the end of December, up from $715.5 billion at the end of November, the company said in its monthly summary report. Year-to-date, the government-sponsored enterprise's portfolio decreased by an annualized 19.6 percent as it struggled to meet a Sept. 30 core capital requirement imposed by its regulator, the Office of Federal Housing Oversight, following a multibillion-dollar accounting scandal. Both Fannie Mae and its fellow government-sponsored enterprise, Freddie Mac, have been rocked by accounting scandals. In December 2004, Fannie Mae replaced Franklin Ra...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.