Volume eased and delinquency rose last month at Fannie Mae.
The secondary lender reported today $95.1 billion in new business acquisitions during July, lower than $109.6 billion the prior month but double the $42.4 billion a year ago.
From January through July, volume totaled $510.3 billion.
Fannie’s total book of business ended July at $3.2196 trillion, higher than 3.1938 trillion at the end of June. The July 31 book included an $0.7794 trillion gross mortgage portfolio and $2.4401 trillion in outstanding mortgage-backed securities.
Residential delinquency of at least 90 days reached another record in June: 3.94 percent. Late payments, which Fannie reports on a one-month lag, accounted for 3.68 percent of loans in May. Home loan delinquency was just 1.36 percent in June 2008.
Multifamily delinquency edged up 1 basis point from May to 0.51 percent in June. Multifamily delinquency was a mere 0.11 percent 12 months earlier.
