Business was down in October for Fannie Mae.
The company reported monthly business volume of $61.8 billion, off almost $2 billion from September and down 38% from last year. Business volume consisted of $27.1 billion in portfolio purchases and $34.6 billion in mortgage-backed securities (MBS) acquired by others.
The book of business for the Washington, D.C.-based secondary lender ended the month at $2.3 trillion and was comprised of a $0.9 trillion gross mortgage portfolio and $1.4 trillion in outstanding MBS.
The government sponsored housing enterprise reported September single family delinquency of 0.59%, one BPS higher than August. Delinquency is reported on a one-month lag.
Fannie, which missed the November 15 deadline for filing its third quarter 10-Q filing with the SEC, said its duration gap rose from -2 to zero.