New business eased at Fannie Mae, and home-loan delinquency ended a long string of declines. But performance on apartment loans managed a slight improvement.
At $39.4 billion, July’s new business acquisitions were off from $41.4 the prior month.
The results were outlined in a monthly summary from the Washington, D.C.-based company.
In July 2010, volume came in at $53.3 billion.
From Jan. 1 to July 31, new business acquisitions amounted to $345.8 billion.
The secondary lender’s total book of business closed out July at $3.1920 trillion. The balance slipped from $3.2014 trillion at the end of June and $3.2058 trillion at the same time in 2010.
The July 31 book of business included a gross mortgage portfolio of $0.7280 trillion and outstanding mortgage-backed securities with a balance of $2.4641 trillion.
Fannie said that residential delinquency of at least 90 days was unchanged from June at 4.08 percent. But defaults declined from 4.82 percent as of July 31, 2010.
Prior to July, delinquency had been down 16 months in a row.
Multifamily delinquency of at least two months was 0.45 percent, slipping a basis point from a month earlier and down significantly from 0.74 percent a year prior.
