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.
