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Fannie’s Biz at 3-Yr High, Lates at 8-Yr Low

New business climbed to a nearly three-year high at the Federal National Mortgage Association, while delinquency fell to an eight-year low.

As of June 30 of this year, the Washington-based
secondary mortgage lender had a book of business that added up to $3.1038 trillion.

The total increased compared to the end of the previous month, when it stood at $3.1009 trillion, but fell from $3.1101 trillion one year prior.

Fannie Mae provided the details in its Monthly Summary June 2016.

Included in the mid-year 2016 book of business was an $0.3163 trillion investment portfolio and $2.7875 trillion in outstanding mortgage-backed securities and other guarantees.

During the month of June 2016, new business acquisitions worked out to $53.529 billion.

Secondary activity was the strongest it’s been since
September 2013, when the total was $55.973 billion.

Business acquisitions were $46.333 billion in May 2016 and $48.177 in June 2015.

On a quarterly basis, volume jumped to $145.424 billion in the three months ended June 30, 2016, from $115.177 billion in the first quarter and $143.517 billion in the second-quarter 2015.

Full first-half 2016 new business acquisitions amounted to $260.601 billion.

The government-controlled enterprise reported a 90-day single-family delinquency rate of 1.32 percent as of June 30, 2016 — the lowest rate since it was 1.30 percent in May 2008.

Serious residential delinquency was 1.38 percent a month earlier and 1.66 percent a year earlier.

On multifamily loans, the 60-day delinquency rate was 0.07 percent, up 2 basis points from May 2016 and from
June 2015.

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