Again, serious delinquency at the Federal National Mortgage Association has fallen to the lowest level in the past decade. New business maintained.

The Washington-based secondary lender’s book of business ended July at $3.1782 trillion, according to its monthly summary.

Growth was recorded versus a month earlier, when the balance was $3.1754 trillion, and a year earlier, when it stood at $3.1032 trillion.

Source: Mortgage Daily