Residential loan performance improved at Fannie Mae, while new secondary activity was better than it’s been in nearly a year.
New business acquisitions came to $46.333 billion during May.
The last time activity was this strong was in July 2015, when Fannie’s volume was $47.345 billion.
The Washington-based organization detailed the data, along with other operational statistics, in its May 2016 Monthly Summary.
New business acquisitions were $45.562 billion in April 2016 and $43.738 billion in May 2015.
From Jan. 1 through May 31 of this year, there have been $207.072 billion in new business acquisitions.
As of May 31, 2016, Fannie’s total book of business stood at $3.1009 trillion,
inching up from $3.1006 trillion at the end of April.
The book of business was $3.1101 trillion at the same point last year.
Most recently the total consisted of $2.7833 trillion in Fannie Mae mortgage-backed securities
and an $0.3177 trillion gross mortgage portfolio.
Delinquency of at least 90 days on its residential loans was 1.38 percent as of May 31, 2016 —
lower than it’s been at any time since June 2008, when it was 1.36 percent.
Serious mortgage delinquency was 1.40 percent a month earlier and 1.70 percent a year earlier.
Multifamily delinquency of at least 60 days was 0.05 percent as of the most-recent date, no different than at the end of April and a basis point lower than at the same point in 2015.
