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

New business climbed to a nearly three-year high at the Federal National Mortgage Association, while delinquency fell to an eight-year low.

As of June 30 of this year, the Washington-based secondary mortgage lender had a book of business that added up to $3.1038 trillion.

The total increased compared to the end of the previous month, when it stood at $3.1009 trillion, but fell from $3.1101 trillion one year prior.

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From:: Financing