Residential and commercial mortgage delinquency rose at Fannie Mae, while secondary market purchases declined.
October new business acquisitions were $58.9 billion, the Washington, D.C.-based firm reported today. Volume dropped from $68.9 billion in September and $35.3 billion in October 2008.
From Jan. 1 through Oct. 31, new business acquisitions were $708.7 billion.
Fannie’s book of business ended last month at $3.2344 trillion, dipping from $3.2428 on Sept. 30. The Oct. 31 book included an $0.7714 trillion gross mortgage portfolio and outstanding mortgage-backed securities of $2.4630 trillion.
Single-family delinquency of at least 90 days, which Fannie reports on a one-month lag, was a record 4.72 percent on Sept. 30. Late payments were 4.45 percent on Aug. 31 and only 1.72 percent on Sept. 30, 2008.
Multifamily delinquency of two months ended September at a record 0.62 percent, rising from 0.56 percent a month earlier and 0.16 percent a year earlier.
