Secondary marketing purchases jumped at Freddie Mac, though so did delinquency.
Purchases and issuances were $47.7 billion during February, according to the McLean, Va.-based company’s monthly volume summary. Business was better than $32.1 billion in January and $46.2 billion a year earlier.
Freddie said its total mortgage portfolio ended last month at $2.132 trillion. The total portfolio consisted of an $0.710 trillion retained portfolio and $1.423 trillion in outstanding participation certificates.
Residential delinquency at the secondary lender, which is reported on a one-month lag, was 0.71 percent on Jan. 31, climbing from 0.65 percent on Dec. 31. Multifamily delinquency ended January at 0.01 percent, falling from 0.02 percent the prior month.
The monthly average duration gap remained at zero.
