Fannie Mae bought $39.4 billion of home mortgages from its seller/servicers in July, a 5% decline from the previous month. But compared to the same month a year ago the GSE's acquisitions fell 26%.
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Meanwhile, Fannie's issuance of MBS fell 11% in July (from June) to just under $32 billion of product as it continues to let its huge mortgage investment portfolio gradually run off.
Its serious delinquency rate (90 days or more past) was unchanged month-over-month at 4.08% -- the first time this late payment rate has not registered a monthly decline since January 2010.
Meanwhile, Fannie's mortgage investments fell to $728 billion in July, down 10% from a year ago.
