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Close to 3% Delinquency in Fannie’s SFM Portfolio 

Jun 01, 2009By

The total delinquency rate among conventional single-family mortgages at Fannie Mae [stock FNM][/stock] jumped to 2.96% in February from 2.77% a month earlier, and is up more than half from 1.1% seen in February 08, despite the agency’s participation in the Administration’s Home Affordable refinance program. The higher delinquency rate at the government-sponsored enterprise (GSE) came a month before the balance of its gross mortgage portfolio slipped $856m to $783.87bn in March, according to a monthly volume summary.

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