Fannie Mae Delinquencies Jump

Fannie Mae the largest provider of funding for U.S. home mortgages, said that delinquencies on loans it guarantees has accelerated.

Delinquency on loans in its single-family guarantee business jumped by 23 basis points to 4.17 percent in July, the most recent data available. A year earlier it was 1.45 percent.

The multifamily delinquency rate also rose, up 5 basis points to 0.56 percent in July. A year earlier it was 0.13 percent.

Fannies total mortgage investment portfolio is currently $779.4 billion.