Monthly secondary marketing activity at the Federal National Mortgage Association turned lower. In its commercial business, delinquency deteriorated on apartment loans.
As of Oct. 31, Washington-based Fannie Mae’s book of business
book was $3.1998 trillion, according to its Monthly Summary October 2017.
The total was comprised of
an $0.2358 trillion investment portfolio and $2.9641 trillion in outstanding mortgage-backed securities and other guarantees.
The portfolio grew from $3.1955 trillion one month earlier and $3.1297 trillion one year earlier.
New business acquisitions totaled $47.242 billion, declining from $50.607 billion in September and sinking from $66.774 billion in October 2016.
For all 10 months of this year that have so far been reported, new business acquisitions amounted to $468.592 billion.
Single-family delinquency of at least 90 days was 1.01 percent as of the end of October 2017. While the rate was unchanged from the preceding month, it sank 20 basis points compared to the same date last year.
Fannie reported multifamily delinquency of at least 60 days at 0.05 percent — the worst it’s been since March 2017. The multifamily rate was 0.03 percent as of the conclusion of September and 0.06 percent at the close of October 2016.
