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12-Month Low for Fannie’s New Business

New business retreated to the slowest pace during the past year at the Federal National Mortgage Association. Meanwhile, serious mortgage delinquency dipped.

The total book of business at the Washington-based organization finished February at $3.2319 trillion, according to its February 2018 Monthly Summary.

Included in Fannie Mae’s book of business was an $0.2236 trillion investment portfolio and $3.0083 trillion in outstanding mortgage-backed securities and other guarantees.

The total was $3.2236 trillion as of Jan. 31 and $3.1522 trillion as of Feb. 28, 2017.

New business acquisitions came to $40.551 billion — the slowest month since there were $39.748 billion in February of last year. In January of this year, secondary activity came to $45.513 billion.

During the first-two months of 2018, new business acquisitions amounted to $86.064 billion.

Fannie reported 90-day single-family delinquency of 1.22 percent as of Feb. 28, 2018. Serious mortgage delinquency was 1.23 percent a month earlier and 1.19 percent a year earlier.

On its multifamily loans, 60-day delinquency was unchanged from January at 0.11 percent but much higher than 0.05 percent in the same month last year.

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