Fannie Mae's book of business broke the $3 trillion barrier as monthly secondary purchases rose.
New business acquisitions were $69.3 billion during May, according to operational data reported today. Volume climbed from $65.9 billion in April and $66.4 billion a year earlier.
The Washington, D.C.-based firm said its book of business ascended to $3.010 trillion on May 31 from $2.986 trillion in April. The book of business consisted of an $0.737 trillion gross mortgage portfolio and $2.273 trillion in outstanding mortgage-backed securities.
Residential loans delinquent at least three months reached 1.22 percent on April 30, according to the monthly summary. Serious delinquency, reported on a one-month lag, rose from 1.15 percent on March 31.
Delinquency of at least 60 days on multifamily mortgages maintained at 0.09 percent, unchanged from March.
May's effective duration gap fell to one month from two months in April, the secondary lender said.