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Origination News | Lender Ranking | Fundings by Lender | Statistics
Quarterly residential mortgage production by lender. Subprime, Alt-A, home equity and conforming originations. Volume by quarter since 2003.

3-Year High for New Business at Fannie

New business purchases jump 25% in November

Dec. 28, 2012

By Mortgage Daily staff

It's been more than three years since new business has been this strong at the Federal National Mortgage Association, while nearly four years have elapsed since serious residential delinquency has been this low. The secondary lender's book of business grew, and delinquency dropped on apartment loans.

The Washington, D.C.-based company reported $99.230 billion in new business acquisitions for November. Secondary activity climbed to the highest level since June 2009, when volume totaled $109.628 billion.

With just one month to go in 2012, year-to-date activity amounted to $846.508 billion.

Fannie Mae generated $79.355 billion in activity a month earlier and $69.097 billion a year earlier.

At $3.2036 trillion, the book of business was more than October's $3.1932 trillion. The total mortgage portfolio was $3.1774 trillion as of Nov. 30, 2011.

Last month's book of business included a gross mortgage portfolio of $0.6325 trillion and outstanding mortgage-backed securities of $2.5711 trillion.

Past-due payments of at least 90 days on home loans were 3.30 percent, 5 basis points lower than in October. The delinquency rate has tumbled 70 BPS from November 2011.

As was the case last month, Fannie's delinquency is at the lowest rate since March 2009, when 3.15 percent of residential loans were at least three months overdue. There has been no increase in the rate of delinquency since February 2010, when it was 5.59 percent.

Also lower was 60-day multifamily delinquency, which declined to 0.25 percent in November from the prior month's 0.28 percent. The multifamily rate was 0.60 percent the same month last year.

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