New monthly business was better at the Federal National Mortgage Association. An even bigger improvement was made in delinquency, which sank to the lowest level in nearly a decade.
Washington-based Fannie Mae concluded May 2017 with a total book of business that stood at $3.1678 trillion, according to its Monthly Summary.
The total continued to grow from one month earlier, when the balance was $3.1640 trillion, and
one year earlier, when the book was $3.1009 trillion.
Included in the most-recent total was an
$0.2557 trillion mortgage portfolio and $2.9121 trillion in outstanding mortgage-backed securities and other guarantees.
Fannie reported $43.632 billion in new business acquisitions, more than than $41.845 billion in April 2017 but less than $46.333 billion in May 2016. So far this year, new business acquisitions amount to $221.460 billion.
The government-controlled enterprise reported 90-day single-family delinquency at 1.04 percent as of May 31, 2017 —
the lowest rate since it was 0.98 percent in December 2007.
Serious mortgage delinquency was 1.07 percent as of the end of April 2017 and 1.38 percent as of the same date in 2016.
Multifamily delinquency of at least 60 days was 0.04 percent as of month-end May 2017, the same as the preceding month and a basis point lower than the same month last year.
