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New Business Soars at Fannie Mae

September secondary activity jumps 21% from prior month

Oct. 28, 2016

By Mortgage Daily staff



New business was up by more than a fifth last month the Federal National Mortgage Association to the highest level in over three years.

The Washington-based secondary mortgage lender closed out September 2016 with a total book of business of $3.1233 trillion.

The balance grew from $3.1130 trillion at the end of the previous month. It was also up from $3.1036 trillion as of a year previous.


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