Serious mortgage delinquency climbed to the highest level in 8 months at the Federal National Mortgage Association. Meanwhile, multifamily delinquency soared to a nearly 4-year high.
The total book of business at Fannie Mae concluded November at $3.2054 trillion, according to its November 2017 Monthly Summary.
One month earlier, the Washington-based organization’s book stood at $3.1998 trillion, while it clocked in at $3.1376 trillion one year earlier.
Source: Mortgage Daily