Again, serious delinquency at the Federal National Mortgage Association has fallen to the lowest level in the past decade. New business maintained.
The Washington-based secondary lender’s book of business ended July at $3.1782 trillion, according to
its monthly summary.
Growth was recorded versus a month earlier, when the balance was $3.1754 trillion, and a year earlier, when it stood at $3.1032 trillion.
The most-recent figure was comprised of an $0.2457 trillion investment portfolio and $2.9325 trillion in outstanding guaranteed securities and mortgage loans.
Fannie Mae’s new business acquisitions were $49.261 billion during the latest month. Business was mostly unchanged from $49.443 billion in June. But secondary activity slowed from $53.401 billion in July 2016.
From Jan. 1, 2017, through July 31, new business acquisition amounted to $320.164 billion.
Ninety-day delinquency on conventional single-family loans was 1.00 percent — the best rate of late payments since
it was 0.98 percent in December 2007.
Serious delinquency retreated a basis point from June 30 and has tumbled 30 BPS from July 31, 2016.
Sixty-day multifamily delinquency was unchanged at 0.04 percent at the end of July 2017, though it was down by half from the same date last year.
