Quarterly and monthly secondary market purchases increased at Fannie Mae.
The government-sponsored enterprise reported business volume of $156.1 billion for the three months ending June 30, up from the first quarter's level of $143.5 billion and from $139.4 billion in the second quarter 2005.
June's business volume of $56.2 billion was better than May's $47.9 billion and was the best of the three month period, according to Fannie's latest monthly volume summary report.
The book of business surpassed $2.4 trillion, as outstanding mortgage-backed securities rose nearer to $1.7 trillion and overshadowed a slight monthly decrease in the gross mortgage portfolio to $0.7 trillion, the Washington, D.C.-based company said.
Improving for the fifth consecutive month was single-family delinquency, falling to 0.62% in May from 0.64% in the prior month, according to Fannie, which reports delinquency on a one-month lag.
The effective duration gap was reported at -1 months in June, compared to 0 months in May.