Secondary activity at the Federal National Mortgage Association plunged to the lowest level in a year. Delinquency, meanwhile, reached another post-crisis low.
The Washington-based organization reported in its monthly summary for last month a total book of business of $3.1522 trillion as of Feb. 28, 2017.
An increase was recorded from one month earlier, when the total was $3.1502 trillion, and from one year earlier, when the book stood at $3.0980 trillion.
Source: Mortgage Daily