The delinquency rate on home loans owned or guaranteed by Fannie Mae rose seventeen basis points to 1.89% in October, the most recent month for which delinquency figures are available. That's more than double Fannie Mae's 0.83% delinquency rate in October of 2007. The delinquency rate has risen every month over the past year. Fannie Mae also said that it funded $31.7 billion in home loans during November, consisting of $7.9 billion of net retained loans and $23.8 billion of new mortgage-backed securities. The company's total portfolio of guaranteed or owned home loans was roughly flat in November. Year-to-date, the total book of business has grown at a 7.5% annualized rate.
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