Loan acquisitions by Fannie Mae edged up by nearly 1% from April to $78 billion in May, according to the secondary market agency.
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Fannie reported Friday afternoon that loan purchases rose slightly for the second month in a row while its competitor
Fannie’s monthly report also shows that it issued $74.3 billion in mortgage-backed securities in May, up 1.1% from the month prior.
Meanwhile, the serious delinquency rate on Fannie’s single-family loan portfolio fell 10 basis points month-over-month.
The percentage of Fannie-guaranteed loans that are 90 days or more past due fell to 2.83% in May, the lowest level since January 2009.
