Secondary market purchases improved for the second month in a row at the Federal National Mortgage Association. In addition, defaults declined.
Through April, year-to-date acquisitions totaled $276.7 billion.
The $3.2582 trillion book of business on April 30 fell from $3.2634 trillion at the end of March. In contrast, Freddie Mac’s total mortgage portfolio finished April at $2.2311 trillion, higher than $2.2257 a month earlier.
Fannie’s April 30 total included a gross mortgage portfolio of $0.7895 trillion, and $2.4687 trillion in outstanding mortgage-backed securities.
Single-family delinquency of at least 90 days — which is reported on a one-month lag — fell to 5.47 percent in March at the Washington, D.C.-based company from 5.59 percent in February. Delinquency was higher, however, than 3.15 percent on March 31, 2009.
Multifamily 60-day delinquency increased to 0.79 percent from February’s 0.73 percent and March 2009’s 0.34 percent.