New monthly business was better at the Federal National Mortgage Association. An even bigger improvement was made in delinquency, which sank to the lowest level in nearly a decade.

Washington-based Fannie Mae concluded May 2017 with a total book of business that stood at $3.1678 trillion, according to its Monthly Summary.

The total continued to grow from one month earlier, when the balance was $3.1640 trillion, and one year earlier, when the book was $3.1009 trillion.

Source: Mortgage Daily