Monthly secondary marketing activity at the Federal National Mortgage Association turned lower. In its commercial business, delinquency deteriorated on apartment loans.
As of Oct. 31, Washington-based Fannie Mae’s book of business book was $3.1998 trillion, according to its Monthly Summary October 2017.
The total was comprised of an $0.2358 trillion investment portfolio and $2.9641 trillion in outstanding mortgage-backed securities and other guarantees.
Source: Mortgage Daily