MBS MID-DAY: 12/30/2011

-Fannie Mae’s Book of Business decreased at a compound annualized rate of 0.9 percent in November.

-Fannie Mae’s Gross Mortgage Portfolio declined at a compound annualized rate of 11.6 percent in November.

-The Conventional Single-Family Serious Delinquency Rate remained unchanged at 4.00 percent in November; the Multifamily Serious Delinquency Rate rose two basis points to 0.60 percent in November.

-The Effective Duration Gap on Fannie Mae’s portfolio averaged zero months in November.

-Fannie Mae completed 16,070 loan modifications in November, for a total of 194,985 loan modifications in the eleven months ended November 30, 2011.

Article source: http://www.mortgagenewsdaily.com/mortgage_rates/blog/241519.aspx

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