Mortgage Daily

Published On: November 26, 2014

Secondary activity, the book of business and mortgage delinquency all moved lower at the Federal National Mortgage Association.

Fannie Mae reported in a monthly operational summary that it had $42.302 billion in new business acquisitions during October.

Activity was down from the previous month, when the Washington-based firm had $45.599 billion in new business acquisitions.

It was also worse than in the same month last year, when secondary activity totaled $49.209 billion.

In the 10 months ended Oct. 31, new business acquisitions amounted to $348.134 billion.

Fannie finished October with a $3.1183 trillion total book of business, off from $3.1207 trillion a month earlier and $3.1656 trillion a year earlier.

The Oct. 31, 2014, book was comprised of an $0.4362 trillion gross mortgage portfolio and $2.6821 trillion in outstanding mortgage-backed securities and other guarantees.

Fannie reported a 1.92 percent 90-day residential delinquency rate — the lowest rate since October 2008’s 1.89 percent.

Serious delinquency was 1.96 percent in September and 2.48 percent in October 2013.

Multifamily delinquency of at least 60 days dipped 3 basis points to finish October at 0.06 percent. Multifamily delinquency has fallen 7 BPS compared to the same month in 2013.

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