The secondary market agency reported late Friday afternoon that it purchased $99.2 billion in mortgage loans in November, up from $79.4 billion in October. In 2009, Fannie’s loan purchases peaked at $109.6 billion during the summer.
In a Dec. 21 release, Freddie Mac also reported a 25% spike in loan purchases in November and 74% of those loans were refinancings.
Fannie issued $107.8 billion in MBS in November, up from $62.7 billion in October.
Friday’s report also shows the serious delinquency rate on Fannie’s single-family loan portfolio fell five basis points from October to 3.3% in November. Four percent of Fannie’s guaranteed loans were 90 days or more past due in November 2011.
The serious delinquency rate on Freddie’s loan portfolio is 3.25%.