Although new business slipped at the Federal National Mortgage Association, residential delinquency was better than its been at any time since the financial crisis.
The Washington-based company reported Tuesday that its new business acquisitions came to $47.345 billion during July.
Secondary activity slipped from a month previous, when volume totaled $48.177 billion.
But business was better than in July 2014, a month that saw $39.899 billion in new business acquisitions.
Year-to-day July 31, 2015, secondary activity amounted to $314.850 billion.
The government-controlled enterprise reported a total book of business of $3.1067 trillion as of the most-recent date.
Fannie trimmed its total portfolio from $3.1101 trillion a month earlier and cut it from $3.1274 trillion a year earlier.
The July 31, 2015, book included a gross mortgage portfolio of $0.3846 trillion and
$2.7221 trillion in outstanding mortgage-backed securities and other guarantees.
The secondary lender’s residential delinquency of at least 90 days finished the latest month at 1.63 percent, three basis points less than at the end of June and the lowest rate since it was
1.57 percent in August 2008.
Serious delinquency was 2.00 percent in July 2014.
Multifamily delinquency, however, rose one basis point to 0.06 percent as of July 2015 but has improved four BPS on a year-over-year basis.
