Single-family performance at the Federal National Mortgage Association is better than it’s been in nearly a decade. Meanwhile, the manged portfolio continued to grow.
As of Aug. 31, the book of business at the Washington-based secondary mortgage lender worked out to $3.1883 trillion, according to its monthly summary.
The managed portfolio balance at Fannie Mae continued to grow from $3.1782 trillion one month earlier and $3.1130 trillion twelve months earlier.
Las month’s book of business consisted of an $0.2440 trillion mortgage portfolio and $2.9443 trillion in outstanding mortgage-backed securities and other guarantees.
Fannie reported $50.579 billion in new business acquisitions during the latest month, slightly more than $49.261 billion in July and the second-best month this year. But business was below $59.044 billion in August 2016.
From Jan. 1, 2017, through Aug. 31, secondary activity amounted to $370.743 billion.
Single-family delinquency of at least 90 days was 0.99 percent at the end of August 2017. Serious mortgage delinquency stands at its lowest level since it was 0.98 percent in December 2007.
The 90-day rate was
1.00 percent in the prior-month report and 1.24 percent a year prior.
Multifamily delinquency of at least 60 days concluded the latest month at 0.04 percent, the same as at the end of July but lower than 0.07 percent as of Aug. 31, 2016.
