(Source: Reuters)

Fannie Mae, the largest provider of funding for U.S. home mortgages, said on Friday that delinquencies on loans it guarantees accelerated in August, while its mortgage investment portfolio grew in September from the previous month.

The delinquency rate on loans in its single-family guarantee business rose 0.28 percentage point to 4.45 percent in August, the most recent data available. That was well above the rate a year earlier when it was 1.57 percent.

Read the full article “Fannie Mae Aug delinquencies jump” at Reuters (Oct 30, 2009).

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