Fannie Mae's rate of seriously delinquent conventional single-family loans fell for the third consecutive month in June, dropping to 5.15% – a 15 basis-point decrease from the end of May, according to the company's monthly volume summary. The last increase observed in Fannie Mae's conventional, single-family, serious-delinquency rate was a seven basis-point jump in February, when the rate was 5.59%.
The company's multifamily serious-delinquency rate fell two basis points to 0.76% in May.
Fannie Mae's book of business totaled more than $3.21 trillion at the end of June.
SOURCE: Fannie Mae