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Fannie Mae's (OTCQB:FNMA) guaranty book of business advanced at a compound annualized rate of 0.3% in May to $4.123T, bucking a three-month streak of contractions, the government-sponsored enterprise said on Thursday.
Its retained mortgage portfolio balance was $75.7B at the end of May, up from $74.2B at the end of April.
The conventional single-family serious delinquency rate declined 1 basis points to 0.48% in May, while the multifamily serious delinquency rate remained unchanged at 0.44% during the month.
As of May 31, 2024, Fannie Mae's (OTCQB:FNMA) maximum exposure to Freddie Mac (OTCQB:FMCC) collateral that was included in outstanding Fannie Mae resecuritizations was $209.7B.
By comparison, Freddie Mac (OTCQB:FMCC) said Tuesday its mortgage portfolio rose at an annualized rate of 2.1%.