A minimal increase in monthly secondary activity was recorded for the Federal National Mortgage Association, while delinquency hit another six-year low.
Fannie Mae’s new business acquisitions reached $42.457 billion in November, according to monthly operational data.
Business inched up from the prior month, when volume was $42.302 billion.
It was also slightly better than the same month last year, a month that saw $42.069 billion in new business acquisitions.
With just one month left in 2014, year-to-date volume stands at $390.591 billion.
The Washington-based company’s total book of business closed out the latest month at $3.1200 trillion, up from $3.1183 trillion at the end of October. But the book has subsided from $3.1658 trillion
as of Nov. 30, 2013.
Included in the latest book was an $0.4240 trillion
gross mortgage portfolio and $2.6960 trillion in outstanding mortgage-backed securities and other guarantees.
Residential delinquency of at least 90 days slipped a basis point from a month earlier to finish November at 1.91 percent.
The last time the rate was this low was in October 2008, when it stood at 1.89 percent.
In November 2013, the serious delinquency rate was 2.44 percent.
On multifamily loans, the 60-day delinquency rate was 0.05 percent, edging down from 0.06 percent as of Oct. 31 and falling 6 BPS from the same date last year.
