After gaining in March, both Fannie Mae and Freddie Mac reported declines in their retained portfolios for April. Fannie Mae's portfolio fell 3.7% to $710.6 billion, while rival Freddie Mac's dipped 8.8% to $709.2 billion. In April, Fannie Mae rose 1.1% while Freddie Mac's portfolio was up 8.4%, which brought Freddie Mac's ending portfolio balance to above Fannie Mae's ($714.5 billion versus $712.8 billion). Year-to-date, the compounded growth rate is running at negative 5.6% for Fannie Mae and positive 2.2% for Freddie Mac.
In terms of net retained purchases, Fannie Mae's purchases were just under $10 billion compared with $16.5 billion previously. Meanwhile, the company's sales were lower at $2.1 billion versus $5.5 billion in March. Liquidations were steady at $10.1 billion. Net retained commitments fell to $11.9 billion in April, down from $14.1 billion.