Fannie Mae’s investment portfolio contracted in January for a third straight month on high liquidation and lower purchases, the No. 1 U.S. mortgage finance company said on Tuesday.
Fannie Mae, rocked last year by an accounting scandal that led to a management shake-up, said its investment portfolio shrank at an annualized rate of 16.8 percent for January, versus December’s 10.1 percent decline.
For this complete story, please visit Fannie’s Investment Portfolio Contracts in January.
