Fannie Mae bought $71.86 billion of loans from its seller/servicers during December, a 67% spike from the previous month. Compared to December 2008, purchases were up 50%. Even though Fannie had a good month in terms of new business acquisitions, its serious delinquency rate on single-family loans hit a new high: 5.29% in November, more than double the rate in the same period a year earlier. The figure includes all late payments that are 30 days or more past due. Late payments on its multifamily loans rose to 0.66% from 0.25% in November 2008. Fannie's late payments lag by one month behind disclosure of its acquisitions and other data points.
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