Past-due payments accounted for a smaller share of the Federal National Mortgage Association’s residential loans in March than in any month since early 2008.
At the close of the first-quarter 2017, Fannie Mae’s total book of business amounted to $3.1605 trillion. The total was greater than $3.1522 trillion the preceding month.
The Washington-based secondary mortgage lender has expanded it total book of business from the same date last year, when it stood at $3.1020 trillion.
This data and more was presented in Fannie’s Monthly Summary.
The March 31, 2017, balance consisted of an $0.269 billion gross mortgage portfolio and $2.8917 trillion in outstanding mortgage-backed securities and other guarantees.
New business acquisitions inched up to $40.964 billion from $39.748 billion during February 2017. Secondary business was mostly unchanged from March 2016, when volume was $40.906 billion.
During all three months that have elapsed so far in 2017 there have been $135.983 billion in new business acquisitions.
Delinquency of at least 90 days on Fannie’s single-family loans concluded March 2017 at 1.12 percent — the lowest rate of serious delinquency since
it was 1.10 percent in February 2008.
Single-family delinquency was 1.19 percent in February 2017 and 1.44 percent in March 2016.
Multifamily delinquency of at least 60 days finished March 2017 at 0.05 percent, where it’s been since December 2016. The rate was 0.06 percent as of March 31, 2016.
