Fannie Mae managed a monthly gain in secondary activity, a decline in home-loan delinquency and an improvement in apartment loan late payments.
In its August monthly summary, the Washington, D.C.-based company said new business acquisitions increased to $57.8 billion from $53.3 billion in July. Volume was worse, however, than $70.6 billion reported for August 2009.
Through the end of last month, year-to-date business acquisitions totaled $534.0 billion.
Fannie’s total book of business continued to decline — falling to $3.2023 trillion on Aug. 31 from $3.2058 trillion a month earlier. The book has fallen each month since March, when the balance was $3.2634 trillion.
Included in last month’s book was a gross mortgage portfolio of $0.8091 trillion and $2.3931 trillion in outstanding mortgage-backed securities.
The secondary lender reports delinquency on a one-month lag.
In July, residential delinquency of at least 90 days tumbled to 4.82 percent from June’s 4.99 percent. But the late-payment rate was still higher than 4.17 percent in July 2009.
Fannie reported that multifamily delinquency of at least 60 days fell 6 basis points to 0.74 percent. The delinquency rate on apartment mortgages was 0.56 percent on July 31, 2009.
