New business was virtually unchanged at the Federal National Mortgage Association, while delinquency fell to a new eight-year low.
The Washington-based company’s total book of business concluded July at $3.1032 trillion, according to its monthly summary.
Fannie Mae trimmed the balance from $3.1038 trillion one month previous and reduced it from $3.1067 trillion one year previous.
Last month’s total reflected $2.7943 trillion in outstanding mortgage-backed securities and other guarantees and an $0.3089 trillion investment portfolio.
There were $53.401 billion in new business acquisitions reported for the most-recent month.
Secondary activity slipped from $53.529 billion in June but was up from $47.345 billion in July 2015.
During the seven months ended July 31, 2016, new business acquisitions amounted to $314.002 billion.
Moving on to delinquency, the 90-day rate on conventional single-family loans was 1.30 percent — lower than it’s been at any time since
it was 1.30 percent in May 2008.
The rate of serious delinquency was 1.32 percent as of June 30, 2016, and 1.63 percent as of July 31, 2015.
Multifamily delinquency of at least 60 days, however, crept higher — by a basis point from the prior month to 0.08 percent as of July 31, 2016.
The 60-day multifamily rate was also up from the same point last year, when it
was 0.06 percent.
