Although new monthly business subsided at the Federal National Mortgage Association, so did delinquency on its residential loans.
New business acquisitions at Fannie Mae came to $41.938 billion during October.
The secondary activity, along with other operational metrics, were reported by the Washington-based company in a monthly summary.
Activity eased from a month prior, when secondary volume totaled $45.238 billion.
Business also retreated from a year prior, a month when there were $42.302 billion in new business acquisitions.
From Jan. 1 through Oct. 31 of this year, a total of $441.632 billion in new business acquisitions were made.
Fannie
finished October 2015 with a $3.1045 trillion total book of business. The balance increased from a month earlier, when it stood at $3.1036 trillion. But the book receded from $3.1183 trillion a year earlier.
The Oct. 31, 2015, book included an $0.3643 trillion gross mortgage portfolio and
$2.7403 trillion in outstanding mortgage-backed securities.
Residential delinquency of at
least 90 days closed out the latest month at 1.58 percent — the lowest rate since it was 1.57 percent in August 2008.
Serious delinquency at Fannie was 1.59 percent at the end of September 2015 and 1.92 percent at the end of October 2014.
Multifamily delinquency of at least 60 days worsened two basis points from September to 0.07 percent. The multifamily rate was up one basis point from October 2014.
