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Fannie’s Serious Delinquency Lowest Since Jan 2008

Mortgage News

Secondary activity inched higher last month at the Federal National Mortgage Association. Serious mortgage delinquency was the lowest since January 2008

Fannie Mae’s total book of business ended April 2017 at $3.1640 trillion,
according to a monthly summary of operational data for the secondary lender.

The book expanded from one month earlier, when the total was $3.1605 trillion. The growth was more significant versus $3.1006 trillion one year earlier.

The April 30, 2017, total was comprised of
an $0.2785 trillion gross mortgage portfolio and $2.8855 trillion in outstanding mortgage-backed securities and other guarantees.

New business acquisitions at the Washington-based organization were $41.845 billion last month, slightly more than $40.964 billion in March. Business came up short, though, of $45.562 billion in April 2016.

For the first four months of 2017, new business acquisitions amounted to $177.828 billion.

Single-family delinquency of at least 90-days was 1.07 percent as of April 30, 2017 — the lowest rate since January 2008 when it was 1.06 percent. Serious mortgage delinquency was 1.12 percent in the preceding report and 1.40 percent the same month last year.

Multifamily delinquency of at least 60 days was 0.04 percent, easing from 0.05 percent as of March 31, 2017, and as of April 30, 2016.

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