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Fannie Mae's (OTCQB:FNMA) guarantee book of business slipped at a 0.2% compounded annualized rate in February to $4.127T, marking the first decrease since November 2023, the company said on Wednesday. Note that the portfolio stalled in the two months preceding the latest mark.
The mortgage titan's conventional single-family serious delinquency rate slipped to 0.53% from 0.52% in January.
Likewise, its multifamily serious delinquency rate of 0.44% inched down one basis point from the prior month.
As of Feb. 29, 2024, Fannie Mae's (OTCQB:FNMA) maximum exposure to Freddie Mac (OTCQB:FMCC) collateral that was included in outstanding Fannie Mae resecuritizations stood at $213.4B, compared with $124.4B at Jan. 31, 2024.
On Monday, Freddie Mac (OTCQB:FMCC) said its mortgage portfolio grew at an annualized rate of 0.5% in February to $3.487T.
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