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Business Edges Up Again at Fannie, SF Lates Rise

New business was up for the second consecutive month at Fannie Mae, though just slightly. Residential loan delinquency turned up 2 basis points from a nearly decade low.

The secondary mortgage lender reported in its September 2017 monthly summary report that it maintained a $3.1955 trillion total book of business as of Sept. 30.

Fannie’s managed portfolio
continued to expand from August, when the balance was $3.1883 trillion. On the same date last year, the total book of business stood at $3.1233 trillion.

An $0.2451 trillion investment portfolio and
$2.9504 trillion in outstanding mortgage-backed securities and other guarantees accounted for the latest book of business.

The Washington-based company said it generated $50.607 billion in new business acquisitions during September, slightly more then $50.579 billion in August and the second month in a row with increased business.

Still, activity lagged from September 2016, when the government-controlled enterprise’s new business acquisitions came to $71.420 billion.

The first-nine months of this year brought $421.350 billion in secondary activity for the home finance giant.

Single-family delinquency of at least 90 days finished last month at 1.01 percent. The rate
worsened by 2 basis points from Aug. 31 — when it was at its lowest level since 2007.

But serious mortgage delinquency has tumbled 23 BPS from Sept. 30, 2016.

On Fannie’s commercial real estate portfolio, multifamily delinquency of at least 60 days was 0.03 percent, improving by a basis point from August and 4 BPS better than September 2016.

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