Monthly business at Fannie Mae turned higher.
The Washington, D.C.-based company today reported $49.3 billion in November business purchases, up from $48.7 billion during October. A year earlier, volume was $52.0 billion.
Fannie said its book of business reached $2.487 trillion, climbing from $2.473 trillion in October. A gross mortgage portfolio of $0.717 trillion and outstanding mortgage-backed securities of $1.769 trillion comprised the book of business.
The government sponsored enterprises' total delinquency, reported on a one-month lag, was 0.62% in October, up one basis point from the previous month.
The duration gap was 0 months in November, unchanged from the month before, Fannie reported.