Secondary activity at Fannie Mae was down by a quarter last month, while record delinquency has nearly tripled from last year. But the secondary lender’s book of business increased.
In a monthly summary released today, the Washington, D.C.-based firm said new business acquisitions were $70.6 billion in August. Volume was down from $95.1 billion the prior month but higher than $40.5 billion a year earlier.
So far this year, business acquisitions totaled $580.9 billion.
Fannie said its total book of business ended last month at $3.2293 trillion, up from $3.2196 trillion a month prior. The book-of-business included a gross mortgage portfolio of $0.7794 trillion and outstanding mortgage-backed securities of $2.4498 trillion.
Residential delinquency of at least 90 days, reported on a one-month lag, ended July at a record 4.17 percent, climbing from 3.94 percent as of June 30 and nearly triple the 1.45 percent as of July 31, 2008.
Multifamily delinquency of at least 60 days was 0.56 percent in July, worse than 0.51 percent the previous month and 0.13 percent a year earlier.
