Fannie Mae reported a 9% drop in loan acquisitions in February along with a 21% drop in issuing new commitments to purchase loans.
The secondary market agency released its monthly activity report late Wednesday and it shows the GSE purchased $80.2 billion in loans and mortgage securities in February, down 9.2% from the month prior.
The February report also shows that Fannie issued $75.8 billion in new commitments to purchase loans, down 21% from January.
Meanwhile, Fannie issued $77.2 billion in MBS in February, down from 9% the previous month.
In January, Fannie experienced a 23% jump in
In terms of loan performance, the serious delinquency rate on Fannie’s single-family loan portfolio fell 5 basis points from January to 3.13% in February. The percentage of Fannie-guaranteed loans that are 90 days or more past due has fallen 74 bps since February 2012.
