Business purchases sank from September as Fannie Mae's portfolio was off by more than $10 billion.
October business volume was $51.3 billion, according to the Washington, D.C.-based company's monthly summary, tumbling from $70.6 billion the prior month. Compared to a year ago, business was off $10.5 billion.
The secondary lender's $2.3 trillion book of business included $1.6 trillion in outstanding mortgage-backed securities and a $0.7 trillion gross mortgage portfolio, the report said. The portfolio was down $10.6 billion from September.
Single-family delinquency, reported on a one-month lag, was 0.61%, worse than 0.59% in August.
October's duration gap was +1, unchanged from September.