Fannie Mae bought $63.8 billion worth of mortgages in June, a 7% decline from the previous month's level but flat compared with that of the same month a year ago. The government-sponsored enterprise, which will have a new, tougher regulator in a few months, saw its on-balance-sheet portfolio increase to $749.6 billion, a 4% gain compared with that of June 30, 2007. The annualized compounded rate of growth on the portfolio was 22.8%. Fannie had a total book of business (portfolio plus guarantees) of $3.039 trillion at month's end. The delinquency rate on its portfolio was 1.30%, compared with 0.62% 12 months earlier.
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