New business retreated to the slowest pace during the past year at the Federal National Mortgage Association. Meanwhile, serious mortgage delinquency dipped.

The total book of business at the Washington-based organization finished February at $3.2319 trillion, according to its February 2018 Monthly Summary.

Included in Fannie Mae’s book of business was an $0.2236 trillion investment portfolio and $3.0083 trillion in outstanding mortgage-backed securities and other guarantees.

Source: Mortgage Daily