A September surge pushed Fannie Mae's quarterly business higher.
Third quarter business volume of $158.3 billion pushed past $156.1 for the three months ending June 30, according to Fannie's latest monthly summary report. However, it did not exceed that of $181.1 billion in the third quarter 2005.
September's $66.6 billion business volume jumped from August's $49.0 billion and was the highest month during the quarter, the Washington, D.C.-based company reported.
Fannie said its book of business reached to $2.46 trillion, as outstanding mortgage-backed securities edged up from the prior month to over $1.73 trillion while the $0.73 trillion gross mortgage portfolio had a slight decrease.
Single-family delinquency, which the secondary lender reports on one-month lag, improved to 0.60 percent in August from 0.61 percent in the prior month.
The effective duration gap in September was 0 months, compared to -1 months in August, according to the report.