Fannie's MBS Issuance Drops to $44B, Delinquencies Rise

Fannie Mae issued $44 billion in mortgage-backed securities in February, down 7.6% from the previous month.

The government sponsored enterprise also reported that its holdings of Fannie guaranteed MBS fell 4.3% to $318.8 billion in February. The monthly activity report shows that Fannie's serious delinquency continued to rise. The percentage of Fannie single-family loans 90-days or more past due hit 5.52 in January, up 14 basis points from December.