New business at the Federal National Mortgage Association declined to its slowest pace in 17 months. Delinquency, however, remained low.
Fannie Mae had $37.041 billion in new business acquisitions during the month of November, according to a monthly operational summary.
That turned out to be the slowest month for the Washington-based enterprise since
June 2014, when business came in at just $35.631 billion.
Fannie Mae’s secondary activity totaled
$41.938 billion in October 2015 and $42.457 billion in November 2014.
During the 11 months ended Nov. 30, 2015, new business acquisitions amounted to $478.673 billion.
Fannie ended last month with a $3.0999 trillion total book of business.
The book was trimmed from $3.1045 trillion a month earlier and $3.1200 trillion a year earlier.
The Nov. 30, 2015, total reflected an $0.3535 trillion gross mortgage portfolio and $2.7464 trillion in outstanding mortgage-backed securities and other guarantees.
On the residential portion of its book, delinquency of at least 90 days was 1.58 percent.
Serious delinquency was the same as of Oct. 31, down from 1.91 percent as of Nov. 30, 2014, and the lowest rate on record since August 2008 — when 90-day delinquency was 1.57 percent.
Multifamily delinquency of at least 60 days was 0.07 percent, unchanged from the previous month and up from 0.05 percent in the year-prior month.
