It has been eight months since new business at the Federal National Mortgage Association was as low as it was in January. Delinquency, meanwhile, improved.
Washington-based Fannie Mae’s book of business concluded last month at $3.2236 trillion, according to its January 2018 Monthly Summary.
The massive portfolio included an $0.2349 trillion investment portfolio and $2.9887 trillion in outstanding mortgage-backed securities and other guarantees.
Fannie’s book expanded from $3.2165 trillion one month earlier and $3.1502 trillion one year earlier.
With $45.513 billion in new business acquisitions last month, secondary activity was the lowest it’s been since May 2017, when the total was $43.632 billion.
Secondary volume was $53.018 billion in December 2017 and $55.271 billion in January 2017.
Single-family delinquency of at least 90 days slipped to 1.23 percent as of Jan. 31, 2018, from 1.24 percent
the prior month. But a 3-basis-point rise was recorded versus a year prior.
On its multifamily loans, Fannie’s 60-day delinquency was 0.11 percent for the third consecutive month. The rate has deteriorated from 0.05 percent as of Jan. 31, 2017.
