New monthly business slipped at the Federal National Mortgage Association, as did delinquency. For the first time in nearly two years, the company’s massive book of business declined.
Fannie Mae ended April with a total book of business of $3.2355 trillion including an $0.2220 trillion investment portfolio and $3.0135 trillion in outstanding mortgage-backed securities and other guarantees.
The Washington-based firm’s
book declined from one month earlier, when it was $3.2370 trillion. It was the first decrease since July 2016, when it had a $3.1032 trillion book.
The details, along with other operational metrics, were included
in Fannie’s monthly summary.
a year earlier, the secondary lender’s book of business was $3.1640 trillion.
Fannie’s new business acquisitions slipped to $37.080 billion from $37.825 billion in March and declined from $41.845 billion in April 2017. Four all four months of this year that have been reported, new business acquisitions amounted to $160.969 billion.
April 2018 concluded with a single-family 90-day delinquency rate of 1.09 percent. Although there was an improvement from 1.16 percent one month earlier, the rate was still worse than 1.07 percent one year earlier.
Sixty-day multifamily delinquency was unchanged at 0.13 percent but has worsened from just 0.04 percent as of the same date last year.