Monthly new business slipped at Fannie Mae. Loan performance on the secondary lender’s residential portfolio was the best it’s been in nearly 11 years.

The Washington-headquartered organization reported in its monthly operational summary that its total book of business stood at $3.2545 trillion as of July 31.

Fannie’s book was comprised of a $0.2213 trillion mortgage investment portfolio and $3.0331 trillion in mortgage-backed securities and other guarantees.

Source: Mortgage Daily