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Fannie Mae’s (OTCQB:FNMA) guaranty book of business rose at a 1.7% compound annualized rate to $4,109B in May, outpacing the 0.5% pace recorded in the prior month, according to the company’s monthly summary dated Monday.
Since the start of 2023, FNMA’s book of business saw a compounded growth rate of just 0.4%, vs. 3.2% for FY2022.
During the month, its conventional single-family serious delinquency rate decreased by two basis points to 0.56%. On the other hand, the multifamily serious delinquency rate rose two bps to 0.40%.
Its maximum exposure to Freddie Mac (OTCQB:FMCC) collateral that was included in outstanding Fannie Mae resecuritizations was $226.0B as of May 31.
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