Fannie Mae purchased $87.6 billion of mortgages from its seller/servicers in December, its best purchase month of the year and yet another sign that loan production remained strong in the fourth quarter.
The data was released Friday.
On Wednesday, Freddie Mac reported that it purchased $49.7 billion of mortgages from its lending customers in December, its best purchase month of the year as well.
For the full year, Fannie acquired $855 billion of home mortgages, a 4% jump from 2009. (Freddie bought $412 billion of product, a 25% decline from 2009.)
When it comes to loan purchase market share, Fannie, with 54% market share, was considerably bigger than Freddie, with 26% share, according to figures compiled by National Mortgage News. Funding by all lenders reached $1.58 trillion last year.
