By Brian Honea
Fannie Mae’s Book of Business decreased in January, but the GSE’s gross mortgage portfolio experienced a rare expansion, according to Fannie Mae’s January 2015 Monthly Volume Summary released Friday. After dropping by almost $11 billion from November to December and declining in 53 of the last 54 months, Fannie Mae’s gross mortgage portfolio expanded in January at a compound annualized rate of 3.5 percent, from $413.3 billion up to $414.4 billion. It was the first time the portfolio expanded from month to month since December 2012 and only the second time since June 2010.
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