Fannie Mae bought $39.4 billion of home mortgages from its seller-servicers in July, a 5% decline from the previous month. But compared with the same month a year ago the government-sponsored enterprise's acquisitions fell 26%.
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Meanwhile, Fannie's issuance of mortgage-backed securities fell 11% in July (from June), to just under $32 billion of product as it continues to let its huge mortgage investment portfolio gradually run off.
Its serious delinquency rate (90 days or more past due) was unchanged month over month at 4.08% — the first time this late payment rate has not registered a monthly decline since January 2010.
Meanwhile, Fannie's mortgage investments fell to $728 billion in July, down 10% from a year ago.
