2023

Annual 

Mortgage

Report
Total Qualifying Total Qualifying Very Total Qualifying Low- Qualifying Low-Income Qualifying Minority Total Qualifying Low- All Mortgage

Mortgages Low-Income Mortgages Low-Income Mortgages Income Area Census Tracts Census Tracts Mortgages Low-Income Purchases

Eligible To Purchase Eligible To Purchase Eligible To Purchase Purchase Purchase Eligible To Refinance

Qualify As Money Qualify As Very Money Qualify As Low- Money Goal Money Money Qualify As Mortgages1

Low-Income Mortgages Low-Income Mortgages Income Area Mortgages Subgoal Subgoal Low-Income

Purchase Purchase Purchase Mortgages Mortgages Refinance1

Money Money Money

Purchase of Single-Family Mortgages

 Owner-Occupied 1-Unit Properties/Mortgages:

 UPB ($ Millions) $250,566 $39,641 $250,566 $6,282 $250,566 $54,301 $20,980 $22,148 $38,004 $9,340 $295,376 

 Number of Mortgages 721,713 188,176 721,713 43,488 721,713 201,675 66,699 90,180 156,654 60,178 901,766

 Owner-Occupied 2-4 Unit Properties/Mortgages:

 UPB ($ Millions) $1,897 $283 $1,897 $44 $1,897 $870 $555 $273 $446 $100 $2,343 

 Number of Mortgages 4,426 1,263 4,426 304 4,426 2,302 1,145 1,022 1,330 504 5,756

Total Single-Family Owner-Occupied Mortgages in 1-4 Unit 

Properties:

 UPB ($ Millions) $252,463 $39,924 $252,463 $6,325 $252,463 $55,171 $21,535 $22,421 $38,450 $9,440 $297,718 

 Number of Mortgages 726,139 189,439 726,139 43,792 726,139 203,977 67,844 91,202 157,984 60,682 907,522

Goals Performance

 Fannie Mae's Single-Family Goals 28% 7% 20% 26%

 Goals Performance Percentage 26.09% 6.03% 28.09% 38.41%

 Fannie Mae's Single-Family Subgoal 4% 10%

 Subgoal Performance Percentage 9.34% 12.56%

1Make Home Affordable Modification loans are included in all Single-Family tables where applicable. An Enterprise's modification of a loan in accordance with the Make Home Affordable program announced on March 4, 2009, that is held in the Enterprise's portfolio or that is in a pool backing a 

security guaranteed by the Enterprise, shall be treated as a purchase of a refinance mortgage for the purposes of the housing goals.

Table 1A

Fannie Mae's Mortgage Purchases by Mortgage Type and Housing Goal Status

Summary Table on Single-Family Housing Goal Performance

For Calendar Year 2023

Mortgages may count toward more than one goal. On certain tables, sum of entries may not equal totals due to rounding.

©2024 Fannie Mae Annual Mortgage Report 2023 1
All Goal-Eligible 

Acquisitions

Purchases of Multifamily Mortgages

Multifamily 5-50 Unit Properties: 

UPB ($ Million) $1,231 $365 $1,879 

453 289 506

Number of Properties 573 375 640

Number of Units 13,241 4,728 16,974

Multifamily > 50 Unit Properties:

UPB ($ Million) $30,055 $5,717 $46,047 

1,909 1,344 1,993

Number of Properties 1,934 1,364 2,019

Number of Units 302,790 72,547 398,539

Missing Affordability Data Adjustments

Rental Unit Affordability Estimation 

Eligible Units Qualifying Units Eligible Units Qualifying Units

Units in Multifamily Properties:

Number of Units with Missing Data 2,113 2,113 N/A

Units Where Rent Estimation is Not Possible 0 0 N/A

Units Where Rent Estimation is Possible 2,113 2,113 N/A

Large (>50 unit) properties 2,113 1,001 2,113 234 N/A

Small (5-50 unit) properties N/A

Not Subject to Cap 2,113 1,001 2,113 234 N/A

Subject to Cap N/A

5% Cap 20,776 20,776 N/A

Adjustments to Number of Units for:

Missing Data 1,001 234 N/A

Total Multifamily:

UPB ($ Million) $31,286 $6,082 $47,926 

Number of Mortgages 2,334 1,609 2,470

28 24 29

Number of Properties 2,507 1,739 2,659

Number of Units 316,031 77,275 415,513

Number of Units (Adjusted) 317,032 77,509 415,513

Goals Performance

Fannie Mae's Multifamily Goals Percentage 61% 12%

Goal-Qualifying Units (Numerator) 317,032 77,509

 Goal-Eligible Units (Denominator)2 415,513 415,513

Goal Performance Percentage 76.30% 18.65%

Fannie Mae's Small Multifamily Goals Percentage 2.50%

Goal-Qualifying Units (Numerator) 13,241

 Goal-Eligible Units (Denominator)2 415,513

Goal Performance Percentage 3.19%

 Number Of Mortgages with both 5-50 and >50 Unit Properties1

1Mortgages can double count when secured by both 5-50 and >50 unit properties.

2Goal-eligible units refer to all dwelling units that are financed by mortgage purchases that could be counted for purposes of the multifamily housing goals and subgoals. 

Table 1B

Fannie Mae's Mortgage Purchases by Property Size and Housing Goal Status

Summary Table on Multifamily Housing Goal Performance

For Calendar Year 2023

Qualifying Low-Income Purchases Qualifying Very Low-Income 

Purchases

 Number of Mortgages1

 Number of Mortgages1

©2024 Fannie Mae Annual Mortgage Report 2023 2
Low-Income Units Very Low-Income Units Total Units Financed

Purchases of Single-Family Mortgages

 Owner-Occupied 2-4 Unit Properties/Mortgages:

 UPB ($ Millions) $632 $150 $1,262 

 Number of Mortgages 3,735 1,271 5,756

 Number of Units 4,487 1,498 6,946

 Investor Owned 1-4 Unit Properties/Mortgages:

 UPB ($ Millions) $5,936 $1,077 $18,295 

 Number of Mortgages 34,628 7,631 76,423

 Number of Units 44,921 11,204 90,517

Total Single-Family:

 UPB ($ Millions) $6,567 $1,227 $19,557 

 Number of Mortgages 38,363 8,902 82,179

 Number of Units 49,408 12,702 97,463

Mortgages and units may count toward more than one reporting category. On certain tables, sum of entries may not equal totals, due to rounding.

Table 1C

Distribution of Rental Units Financed by Purchases of Mortgages on Single-Family Rental Properties

Summary Table on Single-Family Housing Goal Performance

For Calendar Year 2023

©2024 Fannie Mae Annual Mortgage Report 2023 3
Qualifying Qualifying Very Qualifying Low- Qualifying Total Purchase Total Refinance Total Mortgages

Low-Income Low-Income Income Area Low-Income Money Mortgages Acquired

Purchase Money Purchase Money Purchase Money Refinance Mortgages Acquired

Mortgages Mortgages Mortgages Mortgages Acquired

Income No More Than 50% of Median Income1

 $UPB(Millions) $6,325 $6,325 $3,796 $2,453 $6,348 $2,458 $8,805 

 Number of Mortgages 43,792 43,792 25,885 20,760 43,981 20,804 64,785

 Portion of Qualifying or Total Mortgages Acquired 23.12% 100.00% 12.69% 34.21% 5.89% 12.95% 7.14%

Income More Than 50% But No More Than 60% of Median Income

 $UPB(Millions) $7,970 $0 $4,502 $2,014 $7,995 $2,020 $10,015 

 Number of Mortgages 40,794 0 22,638 13,000 40,990 13,043 54,033

 Portion of Qualifying or Total Mortgages Acquired 21.53% 0.00% 11.10% 21.42% 5.49% 8.12% 5.95%

Income More Than 60% But No More Than 80% of Median Income

 $UPB(Millions) $25,628 $0 $13,879 $4,973 $25,742 $4,988 $30,731 

 Number of Mortgages 104,853 0 56,189 26,922 105,557 27,032 132,589

 Portion of Qualifying or Total Mortgages Acquired 55.35% 0.00% 27.55% 44.37% 14.13% 16.83% 14.61%

Income More Than 80% But No More Than 100% of Median Income

 $UPB(Millions) $0 $0 $15,284 $0 $29,472 $5,195 $34,667 

 Number of Mortgages 0 0 51,630 0 100,725 23,838 124,563

 Portion of Qualifying or Total Mortgages Acquired 0.00% 0.00% 25.31% 0.00% 13.49% 14.84% 13.73%

Income More Than 100% But No More Than 120% of Median Income

 $UPB(Millions) $0 $0 $4,561 $0 $31,305 $4,763 $36,068 

 Number of Mortgages 0 0 14,047 0 92,749 18,866 111,615

 Portion of Qualifying or Total Mortgages Acquired 0.00% 0.00% 6.89% 0.00% 12.42% 11.75% 12.30%

Income More Than 120% of Median Income

 $UPB(Millions) $0 $0 $13,148 $0 $157,716 $19,717 $177,432 

 Number of Mortgages 0 0 33,588 0 362,909 57,028 419,937

 Portion of Qualifying or Total Mortgages Acquired 0.00% 0.00% 16.47% 0.00% 48.59% 35.51% 46.27%

Missing

 $UPB(Millions) $0 $0 $0 $0 $0 $0 $0 

 Number of Mortgages 0 0 0 0 0 0 0

 Portion of Qualifying or Total Mortgages Acquired 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

All Income Levels2

 $UPB(Millions) $39,924 $6,325 $55,171 $9,440 $258,577 $39,141 $297,718 

 Number of Mortgages 189,439 43,792 203,977 60,682 746,911 160,611 907,522

 Portion of Qualifying or Total Mortgages Acquired 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

2

Includes "Missing."

1

Throughout the AMR, the term “Median Income” refers to area median income, which is calculated and provided by FHFA annually. See 12 USC § 4502(15). 

Table 2

Distribution of Single-Family Owner-Occupied Mortgages

Purchased by Fannie Mae

By Income Class of Mortgagor(s)

For Calendar Year 2023

©2024 Fannie Mae Annual Mortgage Report 2023 4
Qualifying Low-Income 

Purchases

Qualifying Very LowIncome PurchasesTotal Goal-Eligible Units 

Financed1

Affordable At No More Than 30% of Median Income

$UPB(MILLIONS) $1,930 $1,930 $1,930 

Number of Units 17,381 17,381 17,381

5.50% 22.49% 4.18%

Affordable At More Than 30% But No More than 50% of Median Income

$UPB(MILLIONS) $4,152 $4,152 $4,152 

Number of Units 59,894 59,894 59,894

18.95% 77.51% 14.41%

Affordable At More Than 50% But No More than 60% of Median Income

$UPB(MILLIONS) $7,081 $7,081 

Number of Units 82,171 82,171

26% 19.78%

Affordable At More Than 60% But No More than 80% of Median Income

Units in Multifamily Properties: $18,123 $18,123 

Number of Units 156,585 156,585

49.55% 37.68%

Affordable At More Than 80% But No More than 100% of Median Income

$UPB(MILLIONS) $8,429 

Number of Units 58,478

14.07%

Affordable At More Than 100% But No More than 120% of Median Income

$UPB(MILLIONS) $3,805 

Number of Units 21,694

5.22%

Affordable At More Than 120% of Median Income

$UPB(MILLIONS) $3,944 

Number of Units 17,197

4.14%

Tenant Rent Missing

$UPB(MILLIONS) $462 

Number of Units 2,113

0.51%

All Income Levels

$UPB(MILLIONS) $31,286 $6,082 $47,926 

Number of Units 316,031 77,275 415,513

Portion of Qualifying or Total Units Financed 100% 100% 100%

Table 3A

Distribution of Rental Units

Financed by Multifamily Mortgages Purchased by Fannie Mae

For Calendar Year 2023

Portion of Qualifying or Total Units Financed

Portion of Qualifying or Total Units Financed

Portion of Qualifying or Total Units Financed

Portion of Qualifying or Total Units Financed

Portion of Qualifying or Total Units Financed

Portion of Qualifying or Total Units Financed

Portion of Qualifying or Total Units Financed

Portion of Qualifying or Total Units Financed

1Goal-eligible units refer to all dwelling units that are financed by mortgage purchases that could be counted for purposes of the multifamily housing goals and subgoals. 

©2024 Fannie Mae Annual Mortgage Report 2023 5
Low-Income Units Very Low-Income Units Total Units Financed

Affordable At No More Than 30% of Median Income

 UPB ($ Millions) $371 $371 $371 

 Number of Units 2,177 2,177 2,177

 Portion of Low-Income, Very Low-Income, or Total Units Financed 4.41% 17.14% 2.23%

Affordable At More Than 30% But No More than 50% of Median Income

 UPB ($ Millions) $856 $856 $856 

 Number of Units 10,525 10,525 10,525

 Portion of Low-Income, Very Low-Income, or Total Units Financed 21.30% 82.86% 10.80%

Affordable At More Than 50% But No More than 60% of Median Income

 UPB ($ Millions) $1,201 $1,201 

 Number of Units 10,961 10,961

 Portion of Low-Income, Very Low-Income, or Total Units Financed 22.18% 11.25%

Affordable At More Than 60% But No More than 80% of Median Income

 UPB ($ Millions) $4,139 $4,139 

 Number of Units 25,745 25,745

 Portion of Low-Income, Very Low-Income, or Total Units Financed 52.11% 26.42%

Affordable At More Than 80% But No More than 100% of Median Income

 UPB ($ Millions) $4,719 

 Number of Units 21,588

 Portion of Low-Income, Very Low-Income, or Total Units Financed 22.15%

Affordable At More Than 100% But No More than 120% of Median Income

 UPB ($ Millions) $3,240 

 Number of Units 12,095

 Portion of Low-Income, Very Low-Income, or Total Units Financed 12.41%

Affordable At More Than 120% of Median Income

 UPB ($ Millions) $4,776 

 Number of Units 13,104

 Portion of Low-Income, Very Low-Income, or Total Units Financed 13.45%

Tenant Rent Missing

 UPB ($ Millions) $254 

 Number of Units 1,268

 Portion of Low-Income, Very Low-Income, or Total Units Financed 1.30%

All Income Levels2

 UPB ($ Millions) $6,567 $1,227 $19,557 

 Number of Units 49,408 12,702 97,463

 Portion of Low-Income, Very Low-Income, or Total Units Financed 100.00% 100.00% 100.00%

1Based on actual rents before affordability estimation. Units where affordability was estimated are included in "Tenant Rent Missing."

2

Includes "Tenant Rent Missing."

Table 3B

Distribution of Rental Units

Financed by Purchases of Mortgages on Single-Family

Rental Properties By Affordability of Rent1

For Calendar Year 2023

©2024 Fannie Mae Annual Mortgage Report 2023 6
Family Income <= Family Income > Family Income <= Family Income > Qualifying Low- Total Mortgages

100% of Area 

Median

100% of Area 

Median

100% of Area

Median

100% of Area

Median

Income Area 

Purchase Money

Mortgages

Eligible To 

Qualify As

Low-Income Area

Purchase Money

Tract Income <= 80% of Area Median

 $UPB(Millions) $4,509 $7,404 $12,108 $10,305 $34,326 $34,326 

 Number of Mortgages 20,041 19,278 54,351 28,357 122,027 122,027

 Percentage of Eligible 16.42% 15.80% 44.54% 23.24% 100.00% 100.00%

80% < Tract Income < 100% of Area Median and Tract >= 30% Minority

 $UPB(Millions) $3,132 $0 $6,497 $0 $9,629 $26,514 

 Number of Mortgages 12,280 0 24,739 0 37,019 78,284

 Percentage of Eligible 15.69% 0.00% 31.60% 0.00% 47.29% 100.00%

80% < Tract Income < 100% of Area Median and Tract < 30% Minority

 $UPB(Millions) $1,589 $0 $0 $0 $1,589 $21,946 

 Number of Mortgages 7,203 0 0 0 7,203 80,616

 Percentage of Eligible 8.93% 0.00% 0.00% 0.00% 8.93% 100.00%

Tract Income >= 100% of Area Median1

 $UPB(Millions) $9,626 $0 $0 $0 $9,626 $169,678 

 Number of Mortgages 37,728 0 0 0 37,728 445,212

 Percentage of Eligible 8.47% 0.00% 0.00% 0.00% 8.47% 100.00%

Total

 $UPB(Millions) $18,857 $7,404 $18,605 $10,305 $55,171 $252,463 

 Number of Mortgages 77,252 19,278 79,090 28,357 203,977 726,139

 Percentage of Eligible 10.64% 2.65% 10.89% 3.91% 28.09% 100.00%

Table 4

Fannie Mae Single-Family Owner-Occupied Mortgage Purchases

Qualifying for the Low-Income Area Purchase Goal

by Method of Qualification

For Calendar Year 2023

1

Includes tracts with missing median incomes or missing percent minority.

Tract is in a Designated Disaster Area Tract is not in a Designated Disaster 

Area

©2024 Fannie Mae Annual Mortgage Report 2023 7
Qualifying Qualifying Very Qualifying Low- Qualifying Total Purchase Total Refinance Total Mortgages

Low-Income Low-Income Income Area Low-Income Money Mortgages Acquired

Purchase Money Purchase Money Purchase Money Refinance Mortgages Acquired

Mortgages Mortgages Mortgages Mortgages Acquired

American Indian or Alaskan Native2

 $UPB(Millions) $267 $48 $353 $56 $1,078 $189 $1,267 

 Number of Mortgages 1,294 333 1,444 369 3,528 856 4,384

 

 Portion of Qualifying or Total Mortgages Acquired 0.68% 0.76% 0.71% 0.61% 0.47% 0.53% 0.48%

 

Asian2

 $UPB(Millions) $3,385 $398 $6,103 $299 $31,776 $1,695 $33,471 

 Number of Mortgages 12,459 2,218 17,630 1,457 72,682 4,982 77,664

 

 Portion of Qualifying or Total Mortgages Acquired 6.58% 5.06% 8.64% 2.40% 9.73% 3.10% 8.56%

 

Black or African American2

 $UPB(Millions) $2,534 $473 $3,895 $799 $11,789 $2,478 $14,267 

 Number of Mortgages 11,607 3,140 14,825 5,266 35,065 11,462 46,527

 

 Portion of Qualifying or Total Mortgages Acquired 6.13% 7.17% 7.27% 8.68% 4.69% 7.14% 5.13%

 

Native Hawaiian or Other Pacific Islander2

 $UPB(Millions) $83 $16 $123 $22 $431 $80 $511 

 Number of Mortgages 362 101 412 111 1,162 279 1,441

 

 Portion of Qualifying or Total Mortgages Acquired 0.19% 0.23% 0.20% 0.18% 0.16% 0.17% 0.16%

 

White - Hispanic or Latino3

 $UPB(Millions) $4,869 $806 $8,352 $810 $27,041 $3,291 $30,332 

 Number of Mortgages 21,673 5,041 30,200 4,866 78,573 13,310 91,883

 

 Portion of Qualifying or Total Mortgages Acquired 11.44% 11.51% 14.81% 8.02% 10.52% 8.29% 10.12%

 

White - Non Hispanic or Latino

 $UPB(Millions) $22,860 $3,688 $26,748 $5,735 $141,658 $24,061 $165,719 

 Number of Mortgages 115,176 27,006 105,993 38,001 434,898 100,740 535,638

 

 Portion of Qualifying or Total Mortgages Acquired 60.80% 61.67% 51.96% 62.62% 58.23% 62.72% 59.02%

 

Two or More Minority Races4

 $UPB(Millions) $80 $15 $141 $15 $462 $52 $514 

 Number of Mortgages 336 90 472 88 1,231 194 1,425

 

 Portion of Qualifying or Total Mortgages Acquired 0.18% 0.21% 0.23% 0.15% 0.16% 0.12% 0.16%

 

Joint - either Borrower or Co-Borrower are of a Minority Group5

 $UPB(Millions) $416 $33 $1,198 $72 $7,491 $631 $8,122 

 Number of Mortgages 1,739 205 3,609 419 18,191 2,138 20,329

 

 Portion of Qualifying or Total Mortgages Acquired 0.92% 0.47% 1.77% 0.69% 2.44% 1.33% 2.24%

 

Information not Provided by Borrower or Co-Borrower6

 $UPB(Millions) $4,809 $749 $7,405 $1,556 $33,128 $6,341 $39,469 

 Number of Mortgages 21,759 4,943 26,108 9,616 90,354 25,372 115,726

 

 Portion of Qualifying or Total Mortgages Acquired 11.49% 11.29% 12.80% 15.85% 12.10% 15.80% 12.75%

 

Not Applicable

 $UPB(Millions) $0 $0 $0 $0 $0 $0 $0 

 Number of Mortgages 0 0 0 0 0 0 0

 

 Portion of Qualifying or Total Mortgages Acquired 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

 

Data not Provided by Loan Seller7

 $UPB(Millions) $620 $100 $853 $77 $3,723 $322 $4,046 

 Number of Mortgages 3,034 715 3,284 489 11,227 1,278 12,505

 

 Portion of Qualifying or Total Mortgages Acquired 1.60% 1.63% 1.61% 0.81% 1.50% 0.80% 1.38%

 

Total

 $UPB(Millions) $39,924 $6,325 $55,171 $9,440 $258,577 $39,141 $297,718 

 Number of Mortgages 189,439 43,792 203,977 60,682 746,911 160,611 907,522

 

 Portion of Qualifying or Total Mortgages Acquired 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

 

1Borrowers are asked to report both Race and Ethnicity. Race associated with the loan is based on data for the borrower and, if any, co-borrower. Borrower and co-borrower may be 

identified with any combination of, and up to, 5 race categories. If race is known for one borrower but not the other borrower, the loan is classified according to the known race. A loan 

where one borrower is identified as White and the race of the other borrower is missing, or where both the borrower and co-borrower are identified as White, is categorized in one of the 

two White categories. 

2

If the borrower and co-borrower are both identified as the same minority race or different minority races, the loan is classified as the race of the borrower.

Table 5A

Distribution of Single-Family Owner-Occupied Mortgage Purchases

By Race of Borrower(s) on Loan Application1

For Calendar Year 2023

3

If the loan is classified as White and if either borrower or co-borrower is identified as Hispanic or Latino, the loan is classified as "White - Hispanic or Latino." The category "White - NonHispanic or Latino" includes loans where borrower and co-borrower are both identified as "Not Hispanic or Latino" or when the ethnicity is missing for both borrowers. Table 5B shows the 

ethnicity distribution of all loans acquired.

4The loan is classified as "Two or More Minority Races" where: the borrower is identified as two or more minority races and either there is no co-borrower or the co-borrower is identified 

as one or more minority races, or one borrower's race is missing and the other borrower is identified as two or more minority races. 

6This category consists of mortgages where borrower and co-borrower race information is not provided even if ethnicity data are reported.

7

"Data not Provided by Loan Seller" includes any HMDA new data points submitted by lenders.

5

If either the borrower or co-borrower is identified as one or more minority race(s) and the other borrower is identified as White, the loan is classified as "Joint."

©2024 Fannie Mae Annual Mortgage Report 2023 8
Qualifying Qualifying Very Qualifying Low- Qualifying Total Purchase Total Refinance Total Mortgages

Low-Income Low-Income Income Area Low-Income Money Mortgages Acquired

Purchase Money Purchase Money Purchase Money Refinance Mortgages Acquired

Mortgages Mortgages Mortgages Mortgages Acquired

Borrower and Co-Borrower are Hispanic or Latino:

 $UPB(Millions) $5,949 $1,026 $9,602 $983 $27,244 $3,421 $30,665 

 Number of Mortgages 26,391 6,417 35,157 5,892 81,515 14,320 95,835

 

 Portion of Qualifying or Total Mortgages Acquired 13.93% 14.65% 17.24% 9.71% 10.91% 8.92% 10.56%

 

Borrower and Co-Borrower are not Hispanic or Latino:

 $UPB(Millions) $28,783 $4,513 $37,206 $6,855 $189,483 $28,623 $218,107 

 Number of Mortgages 138,964 32,034 139,517 44,856 551,759 118,442 670,201

 

 Portion of Qualifying or Total Mortgages Acquired 73.36% 73.15% 68.40% 73.92% 73.87% 73.74% 73.85%

 

Joint - Either Borrower or Co-Borrower are Hispanic or Latino:2

 $UPB(Millions) $491 $33 $1,413 $83 $8,344 $826 $9,170 

 Number of Mortgages 2,088 216 4,371 486 21,030 2,833 23,863

 

 Portion of Qualifying or Total Mortgages Acquired 1.10% 0.49% 2.14% 0.80% 2.82% 1.76% 2.63%

 

Information not Provided by Borrower or Co-Borrower:3

 $UPB(Millions) $4,198 $674 $6,276 $1,451 $30,272 $5,964 $36,236 

 Number of Mortgages 19,462 4,542 22,338 9,007 82,856 23,827 106,683

 

 Portion of Qualifying or Total Mortgages Acquired 10.27% 10.37% 10.95% 14.84% 11.09% 14.84% 11.76%

 

Not Applicable:

 $UPB(Millions) $0 $0 $0 $0 $0 $0 $0 

 Number of Mortgages 0 0 0 0 0 0 0

 

 Portion of Qualifying or Total Mortgages Acquired 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

 

Data Not Provided by Loan Seller:4

 $UPB(Millions) $503 $80 $674 $69 $3,233 $307 $3,540 

 Number of Mortgages 2,534 583 2,594 441 9,751 1,189 10,940

 

 Portion of Qualifying or Total Mortgages Acquired 1.34% 1.33% 1.27% 0.73% 1.31% 0.74% 1.21%

 

Total:

 $UPB(Millions) $39,924 $6,325 $55,171 $9,440 $258,577 $39,141 $297,718 

 Number of Mortgages 189,439 43,792 203,977 60,682 746,911 160,611 907,522

 

 Portion of Qualifying or Total Mortgages Acquired 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

 

4

"Data Not Provided by Loan Seller" includes any HMDA new data points submitted by lenders.

1

If ethnicity is known for one borrower but not the other, loan is classified according to the known ethnicity.

2

Joint means one borrower is of Hispanic or Latino ethnicity and the other is not, in any order.

3This category consists of mortgages where borrower and co-borrower ethnicity (as Hispanic/Latino or not) information is not provided even if race data are reported.

Table 5B

Distribution of Single-Family Owner-Occupied Mortgage Purchases

By Ethnicity of Borrower(s) on Loan Application1

For Calendar Year 2023

©2024 Fannie Mae Annual Mortgage Report 2023 9
Qualifying Qualifying Very Qualifying Low- Qualifying Total Purchase Total Refinance Total Mortgages

Low-Income Low-Income Income Area Low-Income Money Mortgages Acquired

Purchase Money Purchase Money Purchase Money Refinance Mortgages Acquired

Mortgages Mortgages Mortgages Mortgages Acquired

All Male: 

 $UPB(Millions) $15,489 $2,471 $19,516 $3,094 $80,590 $11,833 $92,422 

 Number of Mortgages 73,819 16,939 73,972 19,666 240,236 48,747 288,983

 Portion of Qualifying or Total Mortgages Acquired 38.97% 38.68% 36.26% 32.41% 32.16% 30.35% 31.84%

 

All Female: 

 $UPB(Millions) $14,511 $2,918 $15,597 $3,486 $51,071 $8,802 $59,874 

 Number of Mortgages 71,454 20,464 63,726 23,162 171,807 42,234 214,041

 Portion of Qualifying or Total Mortgages Acquired 37.72% 46.73% 31.24% 38.17% 23.00% 26.30% 23.59%

 

Male and Female: 

 $UPB(Millions) $7,979 $619 $17,227 $1,973 $113,071 $14,890 $127,961 

 Number of Mortgages 34,868 4,192 55,899 12,245 295,950 54,751 350,701

 Portion of Qualifying or Total Mortgages Acquired 18.41% 9.57% 27.40% 20.18% 39.62% 34.09% 38.64%

 

Not Applicable: 

 $UPB(Millions) $0 $0 $0 $0 $0 $0 $0 

 Number of Mortgages 0 0 0 0 0 0 0

 Portion of Qualifying or Total Mortgages Acquired 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

 

Not Provided: 

 $UPB(Millions) $1,751 $286 $2,565 $863 $12,585 $3,491 $16,076 

 Number of Mortgages 8,334 1,976 9,369 5,455 35,079 14,425 49,504

 Portion of Qualifying or Total Mortgages Acquired 4.40% 4.51% 4.59% 8.99% 4.70% 8.98% 5.45%

 

Missing:2

 $UPB(Millions) $195 $31 $265 $25 $1,260 $126 $1,386 

 Number of Mortgages 964 221 1,011 154 3,839 454 4,293

 Portion of Qualifying or Total Mortgages Acquired 0.51% 0.50% 0.50% 0.25% 0.51% 0.28% 0.47%

 

Total: 

 $UPB(Millions) $39,924 $6,325 $55,171 $9,440 $258,577 $39,141 $297,718 

 Number of Mortgages 189,439 43,792 203,977 60,682 746,911 160,611 907,522

 Portion of Qualifying or Total Mortgages Acquired 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

 

2

"Missing" includes any HMDA new data points submitted by lenders.

1Borrower and co-borrower with a "Not Applicable" or "Not Provided" are placed in the specific gender of the borrower or co-borrower.

Table 6

Distribution of Single-Family Owner-Occupied Mortgage Purchases

By Gender of Borrower(s)1

For Calendar Year 2023

©2024 Fannie Mae Annual Mortgage Report 2023 10
Qualifying Qualifying Very Qualifying Low- Qualifying Total Purchase Total Refinance Total Mortgages

Low-Income Low-Income Income Area Low-Income Money Mortgages Acquired

Purchase Money Purchase Money Purchase Money Refinance Mortgages Acquired

Mortgages Mortgages Mortgages Mortgages Acquired

Minority < 10% 21,974 5,935 7,943 8,058 70,827 20,533 91,360

10% <= Minority < 20% 41,194 9,313 24,899 13,394 167,648 37,548 205,196

20% <= Minority < 30% 34,866 7,433 26,067 10,072 149,537 28,718 178,255

30% <= Minority < 50% 43,111 9,309 57,968 12,486 182,090 33,987 216,077

50% <= Minority < 80% 33,533 7,659 57,814 10,167 130,836 25,503 156,339

80% <= Minority <= 100% 14,759 4,142 29,239 6,505 45,908 14,308 60,216

Tract Missing / Unable to Classify 2 1 47 0 65 14 79

Total: 189,439 43,792 203,977 60,682 746,911 160,611 907,522

Table 7

Distribution of Single-Family Owner-Occupied Mortgage Purchases

By Minority Concentration of Census Tract

For Calendar Year 2023

©2024 Fannie Mae Annual Mortgage Report 2023 11
Qualifying Low- Qualifying Very Low- Total Goal-Eligible

Income Units Income Units Units Financed1

Minority < 10% 3,317 1,094 3,897

10% <= Minority < 20% 27,576 7,088 34,728

20% <= Minority < 30% 36,953 8,569 51,807

30% <= Minority < 50% 85,157 17,177 115,873

50% <= Minority < 80% 99,678 21,155 132,207

80% <= Minority < 100% 64,350 22,426 77,001

Total 317,032 77,509 415,513

1Goal-eligible units refer to all dwelling units that are financed by mortgage purchases that could be counted for purposes of the multifamily housing goals and subgoals. 

Table 8A

Distribution of Fannie Mae's Multifamily Mortgage Purchases

By Minority Concentration of Census Tract

For Calendar Year 2023

©2024 Fannie Mae Annual Mortgage Report 2023 12
Qualifying Low- Qualifying Very Low- Total Units Financed

Income Units Income Units

Minority < 10% 2,565 889 5,030

10% <= Minority < 20% 6,789 1,844 14,138

20% <= Minority < 30% 6,793 1,579 14,623

30% <= Minority < 50% 10,999 2,572 23,162

50% <= Minority < 80% 11,991 2,811 23,386

80% <= Minority <= 100% 10,261 3,005 17,086

Tract Missing / Unable to Classify 10 2 38

Total: 49,408 12,702 97,463

Table 8B

Distribution of Rental Units Financed by Purchases of Mortgages on

Single-Family Rental Properties by Minority Concentration of Census Tract

For Calendar Year 2023

©2024 Fannie Mae Annual Mortgage Report 2023 13
Qualifying Qualifying Very Qualifying Low- Qualifying Total Purchase Total Refinance Total Mortgages

Low-Income Low-Income Income Area Low-Income Money Mortgages Acquired

Purchase Money Purchase Money Purchase Money Refinance Mortgages Acquired

Mortgages Mortgages Mortgages Mortgages Acquired

Income <=50% of Median Income

 Minority < 10% 5,935 5,935 1,304 2,791 5,978 2,803 8,781

 10% <= Minority < 30% 16,746 16,746 6,517 7,751 16,810 7,767 24,577

 30% <= Minority < 50% 9,309 9,309 7,288 4,256 9,343 4,261 13,604

 50% <= Minority < 80% 7,659 7,659 6,798 3,524 7,689 3,530 11,219

 80% <= Minority <= 100% 4,142 4,142 3,977 2,438 4,158 2,443 6,601

 Tract Missing / Unable to Classify 1 1 1 0 3 0 3

 Subtotal 43,792 43,792 25,885 20,760 43,981 20,804 64,785

50% < Income <=60% of MSA Median Income

 Minority < 10% 5,078 0 1,038 1,798 5,124 1,808 6,932

 10% <= Minority < 30% 16,351 0 5,793 4,993 16,420 5,011 21,431

 30% <= Minority < 50% 9,258 0 6,849 2,735 9,295 2,742 12,037

 50% <= Minority < 80% 7,030 0 6,069 2,098 7,058 2,103 9,161

 80% <= Minority <= 100% 3,077 0 2,889 1,376 3,093 1,379 4,472

 Tract Missing / Unable to Classify 0 0 0 0 0 0 0

 Subtotal 40,794 0 22,638 13,000 40,990 13,043 54,033

60% < Income <=80% of MSA Median Income

 Minority < 10% 10,961 0 1,886 3,469 11,115 3,492 14,607

 10% <= Minority < 30% 42,963 0 14,588 10,722 43,258 10,760 54,018

 30% <= Minority < 50% 24,544 0 17,088 5,495 24,667 5,527 30,194

 50% <= Minority < 80% 18,844 0 15,642 4,545 18,949 4,557 23,506

 80% <= Minority <= 100% 7,540 0 6,984 2,691 7,567 2,696 10,263

 Tract Missing / Unable to Classify 1 0 1 0 1 0 1

 Subtotal 104,853 0 56,189 26,922 105,557 27,032 132,589

80% < Income <=100% of MSA Median Income

 Minority < 10% 0 0 1,635 0 9,732 3,060 12,792

 10% <= Minority < 30% 0 0 13,959 0 41,746 9,583 51,329

 30% <= Minority < 50% 0 0 15,947 0 24,477 5,056 29,533

 50% <= Minority < 80% 0 0 14,179 0 18,203 3,818 22,021

 80% <= Minority <= 100% 0 0 5,909 0 6,566 2,320 8,886

 Tract Missing / Unable to Classify 0 0 1 0 1 1 2

 Subtotal 0 0 51,630 0 100,725 23,838 124,563

100% < Income <=120% of MSA Median Income

 Minority < 10% 0 0 607 0 8,315 2,365 10,680

 10% <= Minority < 30% 0 0 2,916 0 38,860 7,725 46,585

 30% <= Minority < 50% 0 0 3,189 0 22,968 4,009 26,977

 50% <= Minority < 80% 0 0 4,483 0 16,784 3,067 19,851

 80% <= Minority <= 100% 0 0 2,850 0 5,820 1,699 7,519

 Tract Missing / Unable to Classify 0 0 2 0 2 1 3

 Subtotal 0 0 14,047 0 92,749 18,866 111,615

120% MSA Median Income < Income

 Minority < 10% 0 0 1,473 0 30,563 7,005 37,568

 10% <= Minority < 30% 0 0 7,193 0 160,091 25,420 185,511

 30% <= Minority < 50% 0 0 7,607 0 91,340 12,392 103,732

 50% <= Minority < 80% 0 0 10,643 0 62,153 8,428 70,581

 80% <= Minority <= 100% 0 0 6,630 0 18,704 3,771 22,475

 Tract Missing / Unable to Classify 0 0 42 0 58 12 70

 Subtotal 0 0 33,588 0 362,909 57,028 419,937

Borrower Income Missing

 Minority < 10% 0 0 0 0 0 0 0

 10% <= Minority < 30% 0 0 0 0 0 0 0

 30% <= Minority < 50% 0 0 0 0 0 0 0

 50% <= Minority < 80% 0 0 0 0 0 0 0

 80% <= Minority <= 100% 0 0 0 0 0 0 0

 Tract Missing / Unable to Classify 0 0 0 0 0 0 0

 Subtotal 0 0 0 0 0 0 0

Total: 189,439 43,792 203,977 60,682 746,911 160,611 907,522

Table 9

Distribution of Single-Family Owner-Occupied Mortgage Purchases

Minority Percentage of Census Tract by Income of Borrower

For Calendar Year 2023

©2024 Fannie Mae Annual Mortgage Report 2023 14
Qualifying Qualifying Very Qualifying Low- Qualifying Total Purchase Total Refinance Total Mortgages

Low-Income Low-Income Income Area Low-Income Money Mortgages Acquired

Purchase Money Purchase Money Purchase Money Refinance Mortgages Acquired

Mortgages Mortgages Mortgages Mortgages Acquired

Alabama 2,585 634 2,677 889 9,379 2,674 12,053

Alaska 319 64 214 113 904 272 1,176

Arizona 4,895 903 5,024 2,208 24,554 5,450 30,004

Arkansas 1,238 293 892 499 4,996 1,647 6,643

California 6,588 748 17,184 4,584 59,839 14,377 74,216

Colorado 5,101 933 5,502 1,554 21,502 3,644 25,146

Connecticut 3,184 846 2,980 629 7,011 1,326 8,337

Delaware 761 185 692 285 3,116 632 3,748

District of Columbia 600 206 487 92 1,563 167 1,730

Florida 9,772 1,730 20,373 3,962 65,293 12,317 77,610

Georgia 6,245 1,165 6,249 2,827 27,856 7,396 35,252

Hawaii 232 40 446 91 1,629 311 1,940

Idaho 1,080 171 849 581 4,889 1,514 6,403

Illinois 11,238 3,389 7,199 1,889 30,591 4,520 35,111

Indiana 7,042 2,033 3,532 1,905 18,399 3,674 22,073

Iowa 3,693 1,314 3,008 625 7,977 1,353 9,330

Kansas 2,137 587 1,146 466 6,122 1,168 7,290

Kentucky 2,188 562 1,920 711 6,648 1,659 8,307

Louisiana 1,154 234 2,044 462 5,056 1,989 7,045

Maine 530 114 317 282 2,170 716 2,886

Maryland 5,855 1,534 4,690 1,314 14,667 2,540 17,207

Massachusetts 3,181 578 2,471 1,068 11,634 2,411 14,045

Michigan 7,943 2,227 7,777 2,812 22,673 5,855 28,528

Minnesota 8,876 2,401 4,553 1,271 19,762 2,631 22,393

Mississippi 746 167 769 386 3,441 1,493 4,934

Missouri 5,272 1,531 4,275 1,527 14,669 3,478 18,147

Montana 543 109 599 262 2,494 809 3,303

Nebraska 2,252 609 1,070 445 5,647 1,010 6,657

Nevada 1,637 279 1,884 730 10,099 1,805 11,904

New Hampshire 1,005 218 667 423 3,309 836 4,145

New Jersey 3,684 716 4,974 1,379 18,904 3,966 22,870

New Mexico 1,014 262 1,222 320 4,462 1,062 5,524

New York 4,948 1,095 6,265 1,678 21,966 5,143 27,109

North Carolina 7,395 1,569 7,900 2,468 31,676 6,245 37,921

North Dakota 403 102 145 87 1,247 214 1,461

Ohio 9,535 2,749 5,127 2,470 24,061 4,944 29,005

Oklahoma 1,724 448 2,343 543 6,672 1,972 8,644

Oregon 2,023 323 3,218 861 11,206 2,281 13,487

Pennsylvania 8,269 2,313 7,470 2,185 24,558 4,592 29,150

Rhode Island 385 75 283 213 1,700 508 2,208

South Carolina 3,991 821 4,740 1,258 16,547 3,239 19,786

South Dakota 967 247 424 190 2,263 445 2,708

Tennessee 3,869 750 4,683 1,942 16,961 5,138 22,099

Texas 12,229 1,771 25,864 3,994 75,024 16,241 91,265

Utah 2,250 311 2,603 854 9,943 2,432 12,375

Vermont 309 63 157 110 1,074 290 1,364

Virginia 6,623 1,640 5,277 1,865 19,565 3,852 23,417

Washington 4,770 819 5,925 1,667 21,960 4,425 26,385

West Virginia 675 192 546 311 2,121 623 2,744

Wisconsin 5,964 1,610 2,746 1,205 14,583 2,646 17,229

Wyoming 397 97 132 159 1,265 432 1,697

Guam 0 0 13 2 13 6 19

Puerto Rico 121 14 383 29 1,188 227 1,415

Virgin Islands 2 1 47 0 63 14 77

Other Territories 0 0 0 0 0 0 0

Unable to Geocode 0 0 0 0 0 0 0

Total 189,439 43,792 203,977 60,682 746,911 160,611 907,522

Table 10A

Distribution of Fannie Mae's Single-Family Owner-Occupied Mortgage Purchases

By State and Territory

For Calendar Year 2023

©2024 Fannie Mae Annual Mortgage Report 2023 15
Qualifying Low- Qualifying Very Low- Total Goal-Eligible

Income Units Income Units Units Financed1

Alabama 5,402 1,787 5,666

Alaska 290 20 300

Arizona 6,284 606 8,505

Arkansas 2,091 952 2,507

California 12,022 3,608 30,108

Colorado 8,185 1,325 10,315

Connecticut 4,416 1,163 4,670

Delaware 1,816 192 2,091

District of Columbia 1,655 646 3,488

Florida 10,635 1,421 25,794

Georgia 15,736 2,329 20,341

Hawaii 21 0 446

Idaho 782 55 1,243

Illinois 11,365 4,522 13,842

Indiana 11,920 5,116 12,216

Iowa 961 763 968

Kansas 5,842 3,156 6,330

Kentucky 5,611 1,021 6,121

Louisiana 3,564 211 4,519

Maine 92 1 92

Maryland 12,172 4,434 12,559

Massachusetts 1,680 785 2,412

Michigan 8,028 1,255 9,286

Minnesota 4,522 1,482 5,394

Mississippi 3,256 373 4,145

Missouri 8,947 3,064 9,531

Montana 812 57 1,079

Nebraska 1,109 805 1,109

Nevada 2,158 442 3,955

New Hampshire 151 8 151

New Jersey 5,273 3,133 7,577

New Mexico 892 8 1,670

New York 12,726 5,129 20,840

North Carolina 17,318 2,303 20,257

North Dakota 1,129 248 1,157

Ohio 14,866 5,157 16,225

Oklahoma 3,983 1,534 4,308

Oregon 3,097 426 4,618

Pennsylvania 7,238 1,579 10,754

Rhode Island 126 7 195

South Carolina 4,722 419 6,561

South Dakota 752 281 752

Tennessee 11,040 2,452 12,782

Texas 55,299 9,237 64,663

Utah 3,892 322 4,918

Vermont 0 0 0

Virginia 11,261 1,884 13,265

Washington 7,204 489 9,943

West Virginia 430 54 574

Wisconsin 3,855 990 4,854

Wyoming 404 257 417

Guam 0 0 0

Puerto Rico 0 0 0

Virgin Islands 0 0 0

Other Territories 0 0 0

Unable to Geocode 0 0 0

Total 317,032 77,509 415,513

1Goal-eligible units refer to all dwelling units that are financed by mortgage purchases that could be counted for purposes of the multifamily housing goals and subgoals. 

Table 10B

Distribution of Fannie Mae's

Multifamily Mortgage Purchases by State And Territory

For Calendar Year 2023

©2024 Fannie Mae Annual Mortgage Report 2023 16
Low- Very Low- Total Units Financed

Income Units Income Units

Alabama 929 160 1,386

Alaska 209 62 268

Arizona 762 142 2,646

Arkansas 555 86 796

California 2,410 393 9,207

Colorado 704 114 1,766

Connecticut 936 359 1,146

Delaware 199 56 348

District of Columbia 87 22 173

Florida 1,349 205 8,464

Georgia 1,517 263 3,553

Hawaii 57 9 237

Idaho 378 70 824

Illinois 2,525 901 3,495

Indiana 1,488 544 1,967

Iowa 459 202 511

Kansas 490 151 635

Kentucky 482 110 680

Louisiana 438 73 902

Maine 177 33 321

Maryland 1,084 237 1,440

Massachusetts 1,316 238 2,073

Michigan 1,982 540 2,554

Minnesota 852 231 1,118

Mississippi 191 24 410

Missouri 1,792 701 2,149

Montana 167 51 326

Nebraska 265 72 334

Nevada 327 49 1,199

New Hampshire 313 72 434

New Jersey 1,640 265 3,456

New Mexico 243 66 549

New York 2,203 873 4,985

North Carolina 2,070 259 4,183

North Dakota 59 35 78

Ohio 3,839 1,703 4,338

Oklahoma 720 68 1,046

Oregon 487 86 1,204

Pennsylvania 2,683 860 3,446

Rhode Island 288 43 476

South Carolina 610 82 1,587

South Dakota 110 43 180

Tennessee 1,268 177 2,625

Texas 3,926 413 9,968

Utah 494 84 1,170

Vermont 74 25 114

Virginia 1,231 219 1,930

Washington 1,059 158 2,179

West Virginia 136 32 210

Wisconsin 1,678 1,011 1,900

Wyoming 118 28 155

Guam 0 0 7

Puerto Rico 22 0 277

Virgin Islands 10 2 38

Other Territories 0 0 0

Unable to Geocode 0 0 0

Total 49,408 12,702 97,463

Table 10C

Distribution of Rental Units Financed by Purchases of Mortgages on

Single-Family Rental Properties by State And Territory

For Calendar Year 2023

©2024 Fannie Mae Annual Mortgage Report 2023 17
Qualifying Qualifying Very Qualifying Low- Qualifying Total Purchase Total Refinance Total Mortgages

Low-Income Low-Income Income Area Low-Income Money Mortgages Acquired

Purchase Money Purchase Money Purchase Money Refinance Mortgages Acquired

Mortgages Mortgages Mortgages Mortgages Acquired

0% < LTV <= 60%

 $UPB(Millions) $5,217 $1,328 $4,811 $6,244 $26,126 $20,181 $46,306 

 Number of Mortgages 32,305 10,765 25,311 43,839 102,025 97,756 199,781

 Portion of Total 17.05% 24.58% 12.41% 72.24% 13.66% 60.87% 22.01%

 

60% < LTV <= 80%

 $UPB(Millions) $13,749 $2,105 $19,066 $3,018 $106,791 $17,019 $123,810 

 Number of Mortgages 61,934 13,728 67,718 16,032 290,780 57,804 348,584

 Portion of Total 32.69% 31.35% 33.20% 26.42% 38.93% 35.99% 38.41%

 

80% < LTV <= 90%

 $UPB(Millions) $5,951 $797 $9,502 $125 $47,664 $1,295 $48,959 

 Number of Mortgages 25,432 5,105 31,186 575 122,355 3,419 125,774

 Portion of Total 13.42% 11.66% 15.29% 0.95% 16.38% 2.13% 13.86%

 

90% < LTV <= 95%

 $UPB(Millions) $7,426 $916 $13,495 $50 $57,561 $634 $58,195 

 Number of Mortgages 33,038 6,062 45,609 222 157,005 1,593 158,598

 Portion of Total 17.44% 13.84% 22.36% 0.37% 21.02% 0.99% 17.48%

 

95% < LTV <= 100%

 $UPB(Millions) $7,581 $1,180 $8,296 $4 $20,426 $13 $20,439 

 Number of Mortgages 36,730 8,132 34,153 14 74,684 39 74,723

 Portion of Total 19.39% 18.57% 16.74% 0.02% 10.00% 0.02% 8.23%

 

100% < LTV

 $UPB(Millions) $0 $0 $0 $0 $8 $0 $8 

 Number of Mortgages 0 0 0 0 62 0 62

 Portion of Total 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.01%

 

Missing LTV

 $UPB(Millions) $0 $0 $0 $0 $0 $0 $0 

 Number of Mortgages 0 0 0 0 0 0 0

 Portion of Total 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

 

Total

 $UPB(Millions) $39,924 $6,325 $55,171 $9,440 $258,577 $39,141 $297,718 

 Number of Mortgages 189,439 43,792 203,977 60,682 746,911 160,611 907,522

 Portion of Total 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

 

1

 Does not include second mortgages and non-applicable categories.

Table 11

Distribution of Single-Family Owner-Occupied Mortgage Purchases1

By LTV Category

For Calendar Year 2023

©2024 Fannie Mae Annual Mortgage Report 2023 18
First-Time Repeat Buyer Status Total

Borrower Income Buyer Buyer Not Available Mortgages

Mortgages Mortgages Mortgages

Income <= 50% of Area Median Income (AMI)

 $UPB(Millions) $4,382 $1,945 $0 $6,327 

 Number of Mortgages 29,713 14,081 0 43,794

 Portion of Total Mortgages Acquired 7.77% 4.10% 0.00% 6.03%

Income >50% But <= 60% of AMI

 $UPB(Millions) $5,420 $2,551 $0 $7,970 

 Number of Mortgages 27,213 13,581 0 40,794

 Portion of Total Mortgages Acquired 7.12% 3.95% 0.00% 5.62%

Income >60% But <= 80% of AMI

 $UPB(Millions) $16,743 $8,885 $0 $25,628 

 Number of Mortgages 66,940 37,913 0 104,853

 Portion of Total Mortgages Acquired 17.51% 11.03% 0.00% 14.44%

Income >80% But <= 100% of AMI

 $UPB(Millions) $17,888 $11,395 $0 $29,282 

 Number of Mortgages 59,160 40,542 0 99,702

 Portion of Total Mortgages Acquired 15.47% 11.79% 0.00% 13.73%

Income >100% But <= 120% of AMI

 $UPB(Millions) $17,650 $13,387 $0 $31,038 

 Number of Mortgages 50,208 41,240 0 91,448

 Portion of Total Mortgages Acquired 13.13% 12.00% 0.00% 12.59%

Income >120% of AMI

 $UPB(Millions) $66,025 $86,194 $0 $152,218 

 Number of Mortgages 149,150 196,398 0 345,548

 Portion of Total Mortgages Acquired 39.01% 57.13% 0.00% 47.59%

Missing

 $UPB(Millions) $0 $0 $0 $0 

 Number of Mortgages 0 0 0 0

 Portion of Total Mortgages Acquired 0.00% 0.00% 0.00% 0.00%

All Income Levels1

 $UPB(Millions) $128,108 $124,356 $0 $252,463 

 Number of Mortgages 382,384 343,755 0 726,139

 Portion of Total Mortgages Acquired 100.00% 100.00% 0.00% 100.00%

1

Includes "Borrower Income Missing."

Table 12A

Distribution of Single-Family Owner-Occupied Purchase Money Mortgages

Acquired by Fannie Mae

By Income Class and First Time/Repeat Borrower Status

For Calendar Year 2023

©2024 Fannie Mae Annual Mortgage Report 2023 19
First-Time Repeat Status of Total

Subgoal Qualifying Status Buyer Buyer Buyer Mortgages

Mortgages Mortgages Not Available

Low-Income Census Tracts Subgoal Qualifying

 $UPB(Millions) $12,084 $9,450 $0 $21,535 

 Number of Mortgages 38,437 29,407 0 67,844

 Percentage of Total 10.05% 8.55% 0.00% 9.34%

Non-Qualifying Mortgages

 $UPB(Millions) $116,023 $114,905 $0 $230,929 

 Number of Mortgages 343,947 314,348 0 658,295

 Percentage of Total 89.95% 91.45% 0.00% 90.66%

Total Mortgages

 $UPB(Millions) $128,108 $124,356 $0 $252,463 

 Number of Mortgages 382,384 343,755 0 726,139

 Percentage of Total 100.00% 100.00% 0.00% 100.00%

Table 12B

Single-Family Owner-Occupied Purchase Money Mortgages Acquired by

Fannie Mae by First-Time/Repeat Borrower Status, for Mortgages Qualifying

and Not Qualifying for the Low-Income Census Tracts Purchase SUBGOAL

For Calendar Year 2023

©2024 Fannie Mae Annual Mortgage Report 2023 20
First-Time Repeat Status of Total

Subgoal Qualifying Status Buyer Buyer Buyer Mortgages

Mortgages Mortgages Not Available

Minority Census Tracts Subgoal Qualifying

 $UPB(Millions) $16,059 $6,362 $0 $22,421 

 Number of Mortgages 64,608 26,594 0 91,202

 Percentage of Total 16.90% 7.74% 0.00% 12.56%

Non-Qualifying Mortgages

 $UPB(Millions) $112,049 $117,994 $0 $230,043 

 Number of Mortgages 317,776 317,161 0 634,937

 Percentage of Total 83.10% 92.26% 0.00% 87.44%

Total Mortgages

 $UPB(Millions) $128,108 $124,356 $0 $252,463 

 Number of Mortgages 382,384 343,755 0 726,139

 Percentage of Total 100.00% 100.00% 0.00% 100.00%

Table 12C

Single-Family Owner-Occupied Purchase Money Mortgages Acquired by

Fannie Mae by First-Time/Repeat Borrower Status, for Mortgages Qualifying

and Not Qualifying for the Minority Census Tracts Purchase SUBGOAL

For Calendar Year 2023

©2024 Fannie Mae Annual Mortgage Report 2023 21