Serious mortgage delinquency climbed to the highest level in 8 months at the Federal National Mortgage Association. Meanwhile, multifamily delinquency soared to a nearly 4-year high.
The total book of business at Fannie Mae concluded November at $3.2054 trillion, according to its November 2017
Monthly Summary.
One month earlier, the Washington-based organization’s book stood at $3.1998 trillion, while it clocked in at $3.1376 trillion one year earlier.
An $0.2363 trillion mortgage portfolio and $2.9691 trillion
in outstanding mortgage-backed securities made up the most-recent total.
The secondary lender generated $48.006 billion in new business acquisitions, slightly more than $47.242 billion in October. But business fell well short of $64.514 billion in November 2016.
From Jan. 1, 2017, through Nov. 30, new business acquisitions came to $516.598 billion.
On its single-family book of business, 90-day delinquency was 1.12 percent — surging to the highest level since it was 1.12 percent as of March 31. The deterioration likely reflects the impact of recent hurricanes.
Serious mortgage delinquency was 1.01 percent as of Oct. 31 and 1.23 percent as of Nov. 30, 2016.
Multifamily delinquency of at least 60 days jumped to 0.11 percent
— the highest rate since it was 0.11 percent in April 2014.
Delinquency on apartment loans was 0.05 percent the prior month and 0.06 percent a year prior.
