Monthly purchases and delinquency soured at Freddie Mac.
Purchases and issuances were $43.3 billion in April, the secondary lender reported in its monthly volume summary today. Business fell from $54.6 billion in March and was also down from $46.7 billion a year earlier.
April activity at Freddie contrasted that of rival Fannie Mae, which reported today that business acquisitions last month were up 10 percent from March and 25 percent higher than April 2007.
Freddie said its total mortgage portfolio was $2.158 trillion at the end of April, up from $2.150 trillion on March 31. The total portfolio included an $0.738 trillion retained portfolio and outstanding participation certificates of $1.421 trillion.
Residential delinquency of at least 90 days on single-family loans, reported on a one-month lag, was 0.77 percent on March 31, rising from 0.74 percent on Feb. 29 and up for the 10th straight month.
Multifamily delinquency of at least 60 days was 0.04 percent at the end of March, jumping from 0.01 percent at the end of the previous month.
The duration gap was reported at one month in April, unchanged from the prior month.