Fannie Mae business volume decreased for the second consecutive month.
The secondary lender reported February business volume amounted to $45.0 billion, down from $51.1 billion in the previous month but better than $40.2 billion a year earlier.
February's business volume consisted of $33.6 billion in mortgage-backed securities acquired by others and $11.4 billion in portfolio purchases, according to Fannie's monthly volume summary report.
A $0.7 trillion gross mortgage portfolio and $1.6 trillion in outstanding MBS made up the $2.4 trillion book of business, the Washington, D.C.-based company said.
The single-family delinquency rate, which Fannie reports on a one-month lag, slid to 0.77% in January from the previous month's level of 0.79%.
Unchanged since November, the effective duration gap, or measure of the exposure to interest rate risk, reportedly remained at zero months in February.