New business was higher than it’s been in three years at the Federal National Mortgage Association, while a new eight-year low was recorded for delinquency.
In its August 2016 Monthly Summary, Fannie Mae said its total book of business finished August at $3.1130 trillion — the biggest it’s been since April 2015.
The Washington-based organization’s total portfolio grew from $3.1032 trillion one month earlier and was also greater than $3.1013 trillion
one year earlier.
Fannie’s Aug. 31, 2016, book contained
an $0.3113 trillion investment portfolio and $2.8018 trillion in outstanding mortgage-backed securities and other guarantees.
New business acquisitions came in at
$59.044 billion last month — the best month for the secondary lender since August 2013’s $68.266 billion.
Secondary activity was $53.401 billion in July 2016 and $39.606 billion in August 2015.
From Jan. 1, 2016, through Aug. 31, new business acquisitions amounted to $373.046 billion.
Conventional single-family delinquency of at least 90 days was 1.24 percent as of Aug. 31, 2016 — the lowest rate of serious delinquency since it was 1.22 percent as of April 30, 2008.
The delinquency rate was 1.30 percent at the end of July 2016 and 1.62 percent as of August 2015’s close.
On multifamily loans, 60-day delinquency fell to 0.07 percent last month from 0.08 percent a month earlier but increased from 0.05 percent a year earlier.
