Fannie Mae purchased $70.6 billion of mortgages from its seller/servicers in June, down just $1 billion from May while its commitments to purchase future loans jumped to the highest level in two years.
The GSE reported Wednesday that loan commitments hit $81.7 billion in June, up 13% from the month prior. It is the highest level of loan commitments since May 2010.
The commitment numbers suggest that secondary market loan purchases in July will be strong.
Volumes likely are being aided by a robust refi market, including the HARP program. (Unlike Freddie Mac, Fannie did not disclose any information on HARP refinancings in its June activity report.)
Freddie, in its monthly report, said HARP loans increased by $8 billion but declined to give a total volume figure for this category.
Meanwhile, Fannie said it issued $66.8 billion of MBS in June, down less than $1 billion from May.
The GSE said the serious delinquency rate on its loan portfolio fell four basis points to 3.53% in June. The percentage of loans 90 days or more past due has fallen by 55 basis points since June 2011.
