Secondary volume at the Federal National Mortgage Association was slightly improved in January, while delinquency held at a seven-year low.
Fannie Mae generated $38.323 billion in new business acquisitions during the first month of this year. Volume was modestly higher than $36.868 billion during the final month of last year.
That was according to a monthly operational summary that was issued by the Washington-based secondary mortgage lender for January 2016.
Secondary activity slipped from January 2015, when new business acquisitions totaled $39.651 billion.
Fannie reported a total book of business of $3.0970 trillion as of Jan. 31, 2016.
The book was trimmed from $3.0994 trillion at the end of last year and was cut from $3.1216 trillion as of the same date last year.
The most-recent total consisted of $2.7505 trillion in outstanding mortgage-backed securities and an $0.3465 trillion gross mortgage portfolio.
There was no change compared to Dec. 31, 2015, in Fannie’s residential 90-day delinquency rate, which was 1.55 percent — the lowest it’s been since July 2008, when it was 1.45 percent.
Serious residential delinquency did decline, however, from
1.86 percent as of Jan. 31, 2015.
But on Fannie’s commercial real estate portfolio,
60-day delinquency inched up to 0.08 percent from 0.07 percent at year-end 2015, and as of one year earlier.
