Secondary marketing purchases at Fannie Mae fell, but so did delinquency.
During October, new business acquisitions fell to $76.8 billion from $79.5 billion the previous month, according to the secondary lender’s monthly summary. Business was better, however, than $58.9 billion in October 2009.
During the first 10 months of 2010, volume was $690.3 billion.
Fannie’s huge book of business was higher last month, rising to $3.2122 trillion from September’s $3.2079 trillion. The total fell from $3.2344 trillion during the same month last year.
The Sept. 30 book of business included a gross mortgage portfolio of $0.7983 trillion and outstanding mortgage-backed securities amounting to $2.4139 trillion.
The Washington, D.C.-based company reports delinquency on a one-month lag.
Residential delinquency of at least three months declined to 4.56 percent in September from 4.70 percent a month earlier. On Sept. 30, 2009, the rate was higher at 4.72 percent.
Meanwhile, 60-day multifamily delinquency improved 1 basis point from August to 0.65 percent. But apartment delinquency was worse than September 2009, when the rate was 0.62 percent.
