Fannie Mae managed a slight improvement last month in secondary activity and home-loan delinquency. The company also increased its outstanding guarantees.
New business acquisitions inched up to more than $57.8 billion from slightly less than that in February, March’s operational summary indicated. But volume was lower than $82.9 billion in March 2010.
So far this year, the Washington, D.C.-based company has reported $189.5 billion in volume.
With a $3.2261 trillion total book of business, Fannie increased the balance from $3.2193 trillion a month earlier and swung from a declining trend in effect a year earlier when the total was $3.2634 trillion.
The March 31 book of business included a gross mortgage portfolio of $0.7576 trillion and $2.4685 trillion in outstanding mortgage-backed securities.
Fannie said February residential delinquency of at least 90 days came in at 4.44 percent, a basis point better than in January. Fannie reports delinquency one month behind its fellow government-controlled enterprise Freddie Mac — which reported that delinquency in March continued to improve.
During February 2010, Fannie’s delinquency rate was 5.59 percent.
Defaults of at least two months on multifamily mortgages, meanwhile, moved lower in February to 0.65 percent from the prior month’s 0.69 percent and was 8Â BPS better than during February of last year.
