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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.

Fannie Delinquency, Business at Lowest in Years

New business down 15% in November

Dec. 31, 2013

By Mortgage Daily staff

More than five years have passed since multifamily delinquency has been this low at Fannie Mae , while it's been nearly that long since serious residential delinquency was this good. New secondary volume also fell to a multi-year low.

New business acquisitions at the Washington, D.C.-based company worked out to $42.069 billion during the month of November, according to monthly operational data.

Secondary activity was down from $49.209 billion the prior month and has fallen each month since July, when volume was $73.387 billion.

Activity at Fannie was last this slow in July 2011, when new business acquisitions were $39.426 billion.

Volume at the secondary lender has plummeted since November 2012, when new business acquisitions were $99.230 billion.

From Jan. 1, 2013, until Nov. 30, Fannie's volume amounted to $756.867 billion.

The total book of business ended November at $3.1658 trillion, moving up from $3.1656 trillion at the end of the prior month. At the same point in 2012, the balance was $3.2036 trillion.

The Nov. 30, 2013, total reflected a gross mortgage portfolio of $0.4957 trillion and $2.6701 trillion in Fannie MBS and other guarantees.

Fannie said that its residential delinquency of at least 90 days closed out November at 2.44 percent, improving from 2.48 percent the previous month.

Mortgage delinquency hasn't been this low since December 2008, when it was 2.42 percent.

Serious home-loan delinquency has not increased since February 2010, when it stood at 5.59 percent.

As of Nov. 30, 2012, the residential delinquency rate was 3.30 percent.

Multifamily delinquency was 0.11 percent as of the end of November -- the best rate since it was at the same level in July 2008.

Delinquency on apartment loans was 2 basis points better than at the end of the prior month and 14 BPS below the year-earlier level.

Fannie Mae profile

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