Delinquencies rise
Fannie Mae says that delinquencies on loans accelerated and its mortgage investment portfolio stayed unchanged in August from the previous month. Delinquency on loans in its single-family guarantee business jumped by 0.23 percentage points to 4.17 percent in July, the most recent data available, and multifamily delinquencies also rose, up 0.05 percentage points to 0.56 percent in July. The mortgage investment portfolio was at $779.4 billion in August, for an annualized 1.5 percent decrease year to date.
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