Monthly business was better, but delinquency was worse at Fannie Mae.
New business acquisitions were $65.9 billion during April, according to a monthly summary released today. Volume jumped from $59.7 billion a month earlier and $52.7 billion in April 2007.
The book of business continued to climb at the Washington, D.C.-based firm, reaching $2.986 trillion on April 30. The book of business included an $0.728 trillion gross mortgage portfolio and $2.258 trillion in outstanding mortgage-backed securities.
Serious residential delinquency, which includes loans at least 90 days or more past due, was 1.15 percent during March, rising from 1.10 percent in February and up for the 10th consecutive month. Delinquency is reported on a one-month lag.
Multifamily delinquency of at least 60 days ended March at 0.09 percent, down from 0.10 percent in February.
The secondary lender said its duration gap decreased to two months in April from three months in March.
