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Fannie Mae's total book of business grew slightly in April, though its mortgage portfolio saw another sizable dip.

Fannie Mae Book of Business Grows Despite Drop in Mortgage Portfolio

""Fannie Mae's"":http://www.fanniemae.com/portal/index.html total book of business grew slightly in April, though its mortgage portfolio saw another sizable dip.

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According to the GSE's monthly volume summary, its book of business grew at a compound rate of 0.2 percent in April--its first month of growth this year. The book totaled approximately $3.178 trillion as of April 30.

New business acquisitions totaled $77.3 billion, up from $71.4 billion in March and $53.5 billion in April 2012.

Fannie Mae's gross mortgage portfolio shrank at a compound rate of 18.0 percent. Year-to-date, the portfolio has an average contraction rate of 19.9 percent.

As of the end of April, the portfolio's end balance was approximately $588.0 billion, down nearly $10 billion from the end of March.

The conventional single-family serious delinquency rate in Fannie Mae's portfolio fell 9 basis points to 2.93 percent in March, while the multifamily serious delinquency rate fell 3 basis points to 0.36 percent, according to the summary.

The GSE also recorded 13,741 loan modifications in April, bringing the year's total to 56,894.

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