Quarterly business was better at Fannie Mae.
Third quarter new business acquisitions were $197.9 billion, the Washington, D.C.-based company reported today. Volume rose from $183.1 billion the prior quarter and $158.3 billion a year earlier.
For just September, business purchases were $66.5 billion, rising from $65.0 billion in August to the highest level during the past 12 months, the report said.
Fannie reported its total mortgage book of business ended the quarter at $2.762 trillion. The figure reflected a gross mortgage portfolio of $0.724 trillion and $2.039 in outstanding mortgage-backed securities.
Residential delinquency of at least 90 days, reported on a one-month lag, was 0.71 percent in August, rising three basis points from July 31 to the highest level during the past year.
The duration gap reportedly ended September at zero.