It has been more than two years since secondary activity at the Federal National Mortgage Association was as slow as it was last month. Serious delinquency turned lower.
The total book of business at Washington-based Fannie Mae was $3.2370 trillion as of March 31, according to the secondary lender’s monthly operational summary.
Last month’s book was comprised of an $0.2283 trillion investment portfolio and $3.0087 trillion in outstanding mortgage-backed securities and other guarantees.
The book of business increased from $3.2319 trillion at the end of the previous month and $3.1605 trillion one year previous.
Fannie reported $37.825 billion in new business acquisitions — the slowest month since February 2016 when secondary activity came to $35.945 billion.
In February 2018, new business acquisitions were $40.551 billion, while the number was $40.964 in March 2017. For all of the first quarter of this year, volume amounted to $123.889 billion.
At 0.51 percent as of the close of last month, single-family delinquency of at least 90 days declined 2 basis points from a month earlier. But serious mortgage delinquency has worsened by 17 BPS compare to one year earlier.
Multifamily delinquency
of at least 60 days was 0.13 percent, rising 2 BPS from Feb. 28, 2018, and worsening 8 BPS from March 31, 2017.
