After shrinking for four consecutive months, ""Fannie Mae's"":http://www.fanniemae.com/portal/index.html book of business grew at an annualized growth rate of 0.8 percent in October, according to ""Fannie Mae's monthly volume summary."":http://www.fanniemae.com/resources/file/ir/pdf/monthly-summary/102713.pdf
[IMAGE]Fannie Mae's total book of business is currently valued at about $3.17 trillion.
Despite the monthly increase, Fannie Mae's book of business is still down over the year, registering an annualized growth rate of -0.9 percent through October.
[COLUMN_BREAK]While the total book of business is up over the month, Fannie Mae's gross mortgage portfolio decreased in October at an annualized rate of 23.6 percent, ending the month with a total balance of about $505 billion.
October's mortgage portfolio decline was slower than the past few months, when the rate varied between 29 and 32 percent.
Fannie Mae completed about 13,000 loan modifications in October, bringing the year-to-date total to nearly 134,000.
At the same time, the serious delinquency rate for both single-family and multifamily mortgages declined over the month.
The serious delinquency rate for conventional single-family mortgages declined seven basis points over the month, dropping to 2.48 percent.
The serious delinquency rate for multifamily mortgages is 0.13 percent, after falling five basis points in October.
Fannie Mae took on about $49 billion in new business acquisitions in October, bringing the year-to-date total of new business acquisitions to $715 billion.