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LENDER/SERVICER PROFILE GOVERNMENT AGENCY Fannie Mae key personnel company vitals Timothy J. Mayopoulos President and CEO Terry Edwards EVP, Credit Portfolio Management Leslie Peeler Headquarters: Washington, D.C. Take a look inside the numbers Phone: 800.732.6643 states in portfolio* Online: FannieMae.com Business Portals: FannieMae.com/singlefamily FannieMae.com/multifamily SVP, National Servicing Organization business summary * Portfolio Stats » Single-family credit guarantee portfolio: $2.85T » Composition: 97.1% fixed rate; 2.9% ARMs; 0.3% interest-only; 62% originated 2009-2012 » 52% market share of new singlefamily MBS The Federal National Mortgage Association (Fannie Mae) is a governmentsponsored enterprise (GSE), created in 1938 as part of President Franklin D. Roosevelt's New Deal and chartered by Congress to keep money flowing to mortgage lenders, help strengthen the U.S. housing and mortgage markets, and support affordable homeownership. Fannie Mae is a mortgage finance company but doesn't lend directly to consumers; it supports local and national banks, thrifts, credit unions, and other financial institutions by securitizing or purchasing the mortgage loans they originate, enabling them to replenish their funds so they can extend more credit. Fannie Mae has been under conservatorship, with the Federal Housing Finance Agency acting as conservator, since September 6, 2008. Single-Family Business » Q3 2012: $2.85T » Q3 2011: $2.76T » Annual Change: +3.3% Delinquency Stats » 90+ day delinquency rate: 3.29% as of December 2012, down from 3.91% in December 2011 Loss Mitigation Stats » 1.3M foreclosures prevented since January 2009, including more than 839,000 modifications and 264,000 short sales and deeds-in-lieu (DILs) » 123,700 loans modified YTD 2012 » 13 Homeowner Assistance Centers Foreclosure Stats » Single-family foreclosure rate: 1.01% REO Stats *Fannie Mae does not service loans; data based on loans owned or guaranteed as of September 30, 2012, unless otherwise noted Bankruptcy Judge Approves ResCap Deal With Fannie Mae Residential Capital has won approval to pay $297.6 million to Fannie Mae as part of a deal that allows the bankrupt mortgage lender to transfer its servicing contract to a subsidiary of Walter Investment Management Corp. Judge Martin Glenn of the U.S. Bankruptcy Court in New York Thursday signed off on the agreement between ResCap and Fannie, ResCap's biggest customer, related to damages caused by defaults under their mortgage-servicing contract. —Dow Jones December Business Slows at Fannie Mae Fannie Mae's Book of Business ended 2012 with a monthly decline, but overall activity still looked strong. According to the GSE's monthly volume summary, its total book contracted at a compound annualized rate of 4.8 percent in December, a marked turnaround from the 4.0 percent growth posted in November. The book's growth rate yo-yoed from month-to-month last year, ranging from an 8.0 percent rate of contraction (in April) to a 9.3 percent rate of growth (March). —TheMReport.com Senior Preferred Stock Purchase Agreement with Treasury Cumulative Total as of: 12/31/2008 12/31/2009 12/31/2010 12/31/2011 9/30/2012 $15.2B $75.2B $90.2B $116.1B $116.1B $0.0B $2.5B $10.2B $19.8B $28.5B Requests1 Dividend Florida 6% Arizona 2% 1% REO Concentration— Top Five States* Midwest States 29,668 (28%) Florida 12,633 (12%) California 9,448 (9%) Arizona 3,865 (4%) Nevada 1,335 (1%) *Number of properties and percentage of inventory as of September 30, 2012; Midwest states include Illinois, Indiana, Michigan, and Ohio February 1, 2013 Draw 10% *Based on UPB as of September 30, 2012; Midwest states include Illinois, Indiana, Michigan, and Ohio February 1, 2013 » 107,225 single-family homes » Carrying value: $9.3B » 144,670 homes sold YTD 2012 19% Midwest States Nevada company's l atest Portfolio Growth California Payments business summary * » Since January 2009, provided $3T in market liquidity, enabling 2.5M home purchases, 8.9M refinances, and financing for 1.5M rental units » Acquired 312,000 loans in Q3 2012 through Refi Plus initiative (includes HARP and non-HARP refinances) » 798,000 Refi Plus refinances in first nine months of 2012 » General loan limits for 2013 remain unchanged from 2012 ($417,000 for 1-unit properties; maximum of $625,500 in high-cost areas in continental U.S.) » $16.2B in outstanding repurchase requests Does not include initial $1B provided at onset of conservatorship for GSE's senior preferred stock. 1 *Fannie Mae does not originate loans or lend directly to consumers; data based on loans purchased or guaranteed as of September 30, 2012, unless otherwise noted Source: Fannie Mae (1/21/2013) 94