Mortgage behemoth Fannie Mae reported its third highest monthly business volume ever.
Fannie reported that its business volume was $106.1 billion, down from $121.1 billion in January and $113.8 billion in December. In February of 2002, business volume for the Washington D.C.-based company was $66.6 billion.
Just over $40 billion of the company’s business volume was portfolio purchases, while the rest was mortgage-backed securities issues acquired by others.
The government sponsored housing enterprise’s ending balance for its book of business was about $1.9 trillion. The book of business is made up of $0.8 trillion in gross mortgage portfolio, and $1.1 trillion in outstanding mortgage-backed securities.
Fannie said its single-family delinquency rate rose one basis point to 0.48 percent.
The company’s effective duration gap rose to -5 months in February, compared to -4 months in January. The duration gap had been as wide as -14 months last August.
