For five consecutive months now, Fannie Mae has managed to increase its secondary activity, contrasting last month’s activity at rival Freddie Mac. Annual business, however, was lower at both firms. Fannie’s residential delinquency didn’t increase a single time last year, while late payments at Freddie have deteriorated each of the last several months.
Fannie reported that its new business acquisitions during December climbed 16 percent from November’s level.
The improvement contrasts secondary volume at Freddie, where activity fell 19 percent between November and December.
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