""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.
[IMAGE] [COLUMN_BREAK]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.