Fannie’s Biz at 3-Yr High, Delinquency at 8-Yr Low

New business was higher than it’s been in three years at the Federal National Mortgage Association, while a new eight-year low was recorded for delinquency.

In its August 2016 Monthly Summary, Fannie Mae said its total book of business finished August at $3.1130 trillion — the biggest it’s been since April 2015.

The Washington-based organization’s total portfolio grew from $3.1032 trillion one month earlier and was also greater than $3.1013 trillion one year earlier.

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From:: Financing