New business was the strongest it’s been in three months at the Federal National Mortgage Association, while delinquency was lower than its been in more than six years.
Last year’s final month brought $43.247 billion in new business acquisitions for the secondary lender, according to monthly operational data. Activity increased from the prior month’s $42.457 billion.
Fannie Mae’s new business was at its highest level since September.
In December 2013, new business acquisitions were $39.695 billion.
Full-year 2014 new business acquisitions at the Washington-based firm were $433.838 billion, tumbling from the previous year’s $796.562 billion.
Fannie closed out last year with a $3.1241 trillion total book of business.
The book grew from the prior month’s $3.1200 trillion but came up short versus the $3.1647 trillion in place at the end of the 2013.
The book of business was comprised of an $0.4133 trillion gross mortgage portfolio and $2.7107 trillion in outstanding mortgage-backed securities and other guarantees.
Ninety-day delinquency on Fannie’s residential loans was 1.89 percent as of Dec. 31, 2014 — the lowest level since October 2008, when it also stood at 1.89 percent.
Serious mortgage delinquency was 1.91 percent in November 2014 and 2.38 percent in December 2013.
Fannie held its 60-day multifamily delinquency at 0.05 percent, though that was down by half from a year earlier.
