Win McNamee
- Fannie Mae's (OTCQB:FNMA) guaranty book of business contracted at a compound annualized rate of 0.6% in April to $4.122T, the government-sponsored enterprise said on Wednesday.
- The company that guarantees mortgages recorded new business acquisitions of $25.9B during the month, up from $23.4B in March but down from $31.6B in April 2023.
- Retained mortgage portfolio balance was $74.2B at the end of April, compared with $75.6B at the end of March.
- The conventional single-family serious delinquency rate declined 2 basis points to 0.49% in April, while the multifamily serious delinquency rate also fell 2 bps to 0.42% during the month.