Monthly new business slipped at Fannie Mae. Loan performance on the secondary lender’s residential portfolio was the best it’s been in nearly 11 years.
The Washington-headquartered organization reported in its monthly operational summary that its total book of business stood at $3.2545 trillion as of July 31.
Fannie’s book was comprised of a $0.2213 trillion mortgage investment portfolio and $3.0331 trillion in mortgage-backed securities and other guarantees.
A month prior, the total book was $3.2477 trillion, while it was $3.1782 trillion a year prior.
New business acquisitions slowed to $45.751 billion from $46.195 billion in June and $49.261 billion in July 2017.
However, Fannie’s fixed-rate MBS issuance soared 26 percent between July and August according to a report Tuesday.
In the seven months ended July 31, new business acquisitions amounted to $295.053 billion.
At 0.88 percent, Fannie’s 90-day single-family delinquency was the lowest it has been since it was 0.83 percent in October 2007. The rate was 0.97 percent as of mid-2018 and 1.00 percent as of July 31, 2017.
Multifamily delinquency of at least 60 days was 0.09 percent, dipping from 0.10 percent the preceding month but worse than 0.04 percent on the same date last year.
