New business was up for the second consecutive month at Fannie Mae, though just slightly. Residential loan delinquency turned up 2 basis points from a nearly decade low.
The secondary mortgage lender reported in its September 2017 monthly summary report that it maintained a $3.1955 trillion total book of business as of Sept. 30.
Fannie’s managed portfolio continued to expand from August, when the balance was $3.1883 trillion. On the same date last year, the total book of business stood at $3.1233 trillion.
Source: Mortgage Daily