Fannie Mae’s mortgage purchases rebounded 30% in May after acquisitions plummeted 45% in April.
The secondary market agency released figures late Friday afternoon showing that it purchased $71.6 billion in loans in May, up from $52.5 billion the prior month.
Fannie’s cross-town rival Freddie Mac released numbers showing a similar rebound in mortgage purchases for May.
The May report from Fannie also shows that its issuance of mortgage-backed securities jumped 40% from April to $67.5 billion in May.
The GSE continues to slowly shrink its mortgage investment portfolio, which totaled $813.7 billion in May 2010.
The portfolio fell to $676 billion in May, down 8.3% from May 2011.
Meanwhile, Fannie's single-family delinquency rate fell to 3.57% in May, down 6 basis points from the month prior. A year ago, 4.14% of Fannie’s guaranteed loans were 90 days or more past due.
