New business ascended at the Federal National Mortgage Association, while home loan delinquency fell to a new post-crisis low.
The Washington-based company said in a monthly operational report that its new business acquisitions were $48.177 billion in June.
Secondary activity climbed from the previous month, when Fannie Mae’s volume was $43.738 billion.
Volume also accelerated from the same month last year, when $35.631 billion in new business acquisitions were made.
On a quarterly basis, business totaled
$143.517 billion in the three months ended June 30, 2015, more than the $123.988 billion reported for the first quarter and also better than the $96.060 billion in the second-quarter 2014.
From Jan. 1 through June 30 of this year, new business amounted to $267.505 billion.
Fannie ended the first-half 2015 with a nearly $3.1101 trillion total book of business, off from more than $3.1101 trillion three months earlier and $3.1291 trillion a year earlier.
The June 30, 2015, book included an $0.3903 trillion gross mortgage portfolio and $2.7198 trillion in outstanding Fannie Mae mortgage-backed securities and other guarantees.
The 90-day delinquency rate on single-family loans was 1.66 percent as of the end of June 2015 — the lowest rate
since it was 1.57 percent in August 2008.
Serious residential delinquency was 1.70 percent as of May 31, 2015, and 2.05 percent as of mid-2014.
On multifamily loans, the 60-day delinquency rate slipped to 0.05 percent from 0.06 percent the prior month and 0.10 percent the same month in 2014.
