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Home » Store » Characteristics » GSE Business Down Sharply in Early 2017, But Market Still Running Stronger Than a Year Ago

GSE Business Down Sharply in Early 2017, But Market Still Running Stronger Than a Year Ago

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Characteristics

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Fannie Mae and Freddie Mac saw substantial declines in new single-family business during the first quarter of 2017, but the purchase-mortgage side showed some life in March, according to a new analysis and ranking by Inside Mortgage Finance. The two government-sponsored enterprises guaranteed $218.22 billion of single-family mortgage-backed securities during the first three months of the year. That was down 27.1 percent from the fourth quarter total of $299.25 billion – the biggest quarterly flow in GSE business since the second quarter of 2013. The refinance market was...[Includes three data tables]
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