The secondary market mortgage portfolio of Fannie Mae has continued to decline, as directed by the government-service enterprise (GSE) regulator. The $42 billion in mortgages it acquired in November represented a 14 percent drop from October. As reported by nationalmortgagenews.com, Fannie’s portfolio fell below $500 billion for the first time in more than ten years. Just two years ago, MHProNews has learned the portfolio was at $700 billion. Fannie purchased $99 billion in loans in November from its lenders. Additionally, the secondary market agency committed to purchase $47 billion in November, a drop of 14.5 percent from October, 2013, the lowest level in two years.
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