For four consecutive months, secondary activity at the Federal National Mortgage Association has retreated. Delinquency fell to a new post-crisis low.
Fannie Mae’s total book of business finished January 2017 at $3.1502 trillion — the highest it’s been since February 2014 when it was $3.1517 trillion.
The Washington-based organization reported the most-recent number, in addition to other operational metrics, in its January 2017 monthly summary.
The balance was
$3.1442 trillion as of Dec. 31, 2016, while it stood at $3.0970 trillion as of Jan. 31, 2016.
The latest book of business was comprised of an $0.2730 trillion gross mortgage portfolio and $2.8772 trillion in outstanding mortgage-backed securities and other guarantees.
New business acquisitions came to $55.271 billion in January 2017 — the slowest month since secondary activity totaled $53.401 billion in July 2016.
Volume retreated from $61.671 billion a month earlier and has been down each month since September 2016, when it was $71.420 billion. But business was bolstered from January 2016, when the total was $38.323 billion.
The government-controlled enterprise reduced 90-day single-family delinquency to 1.20 percent as of Jan. 31, 2017 —
the lowest rate since it was 1.15 percent in March 2008.
Serious mortgage delinquency was 1.20 percent as of year-end 2016 and 1.55 percent as of Jan. 31, 2016.
At 0.05 percent, 60-day multifamily delinquency was unchanged from December 2016. Multifamily delinquency was lower, however, than 0.08 percent one year prior.
