New Business Slows at Fannie

Author:  //  Category: Mortgage

Monthly secondary marketing activity at the Federal National Mortgage Association turned lower. Serious residential delinquency, however, fell to the lowest level in more than four years.

During June, the Washington, D.C.-based company saw new business acquisitions decline 7 percent from the previous month, according to a monthly operational summary.

Compared to the same month last year, new mortgage activity has improved — with secondary activity up 3 percent from June 2012.

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New Business Slows at Fannie


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