Loan acquisitions by Fannie Mae rose 8% from March to $77.3 billion in April and commitments to purchase new loans rose 4% in April to $87.5 billion, according to the secondary market agency.
Processing Content
Fannie also reported Friday afternoon that the serious delinquency rate on its single-family loan portfolio fell below 3% for the first time since February 2009.
The percentage of Fannie-guaranteed loans that are 90 days or more past fell 9 basis points from March to 2.93% in April.
Fannie’s monthly report also shows that it issued $73.5 billion in mortgage-backed securities in April, up 8.8% from the month prior.
