Monthly secondary purchases expanded by two-thirds at the Federal National Mortgage Association, while annual activity was up by nearly a third. But the news wasn’t so good for delinquency.
In 2009, new business acquisitions were $823.6 billion, Fannie Mae reported in monthly operational data yesterday. Activity climbed from $631.4 billion in 2008.
Fourth-quarter business accounted for $173.8 billion of last year’s total, tumbling from $234.7 billion in the prior quarter but higher than $113.3 billion in the fourth quarter of 2008.
Volume was $71.9 billion during just December, jumping from $43.1 billion the prior month and $48.4 billion the prior year.
The Washington, D.C.-based organization said its total book-of-business finished last year at $3.2407 trillion, higher than $3.2158 trillion at the end of November and $3.1111 trillion at the end of 2008. Included in Fannie’s Dec. 31, 2009, book was an $0.7725 trillion gross mortgage portfolio and $2.4682 trillion in outstanding mortgage-backed securities.
The government-controlled secondary lender reports delinquency on a one-month delay. On Nov. 30, 2009, residential delinquency of at least 90 days rose to a record 5.29 percent from 4.98 percent on Oct. 31. Late payments were 2.13 percent on Nov. 30, 2008.
Multifamily delinquency of at least 60 days increased to 0.66 percent at the end of November from 0.61 percent one month earlier and 0.25 percent one year earlier.
