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Origination News | Lender Ranking | Fundings by Lender | Statistics
Quarterly residential mortgage production by lender. Subprime, Alt-A, home equity and conforming originations. Volume by quarter since 2003.


Fannie Volume Tumbles, Lates Continue Improvement

$59.8 billion in June business acquisitions

July 30, 2010

By MortgageDaily.com staff


Secondary purchases at the Federal National Mortgage Association tumbled nearly a third last month and were down even more compared to a year ago. The secondary lender's massive book of business fell more than $31 billion. But residential delinquency improved for the third month in a row, while the multifamily rate was better for the second consecutive month.

Fannie Mae reported $59.8 billion in new business acquisitions during June, falling from $86.4 billion in May. In June 2009, volume was $109.6 billion.

Second-quarter business was $231.5 billion, improving from the first quarter's $191.4 billion but just below $239.8 billion in the same period last year. During the first half of 2010, volume totaled $422.9 billion.

The Washington, D.C.-based company's book of business finished June at $3.2196 trillion, declining from $3.2507 at the end of March. Still, the book settled above $3.1938 trillion a year earlier.

Included in the latest book of business was a gross mortgage portfolio of $0.8178 trillion and outstanding mortgage-backed securities of $2.4018 trillion.

Single-family delinquency of at least 90 days, which Fannie reports on a one-month delay, fell to 5.15 percent on May 31 from 5.30 percent at the end of April. Residential delinquency was 3.68 percent on May 31, 2009.

May represented the third consecutive decline in home-loan delinquency.

Delinquency of at least 60 days on multifamily loans edged down to 0.76 percent in May from 0.78 percent a month earlier. It was the second consecutive monthly decline for multifamily delinquency. Late payments on apartment loans were just 0.50 percent a year earlier.

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