New business increased, the total mortgage portfolio grew and residential delinquency declined last month at the Federal Home Loan Mortgage Corp.
Freddie Mac reported in its monthly operational summary that purchases and issuances during June were $48.388 billion.
The secondary lender lifted business from the previous month, when volume amounted to $42.381 billion.
Activity was also better than during the same month in 2012, when secondary activity worked out to $42.034 billion.
During the first six months of 2013, Freddie’s purchases and issuances totaled $276.045 billion.
At $1.9452 trillion, the McLean, Va.-based firm’s total mortgage portfolio was greater than the $1.9444 trillion balance as of May 31.
However, the total mortgage portfolio has retreated from the same date last year, when it stood at $2.0122 trillion.
Freddie’s book of business consisted of an $0.5218 trillion investment portfolio and $1.4235 trillion in mortgage-related securities and other guarantee commitments.
Home loans that were past-due at least 90 days accounted for 2.79 percent of all Freddie loans in June, improving from the 2.85 percent rate the prior month.
Serious delinquency has tumbled from June 2012, when the rate was 3.45 percent.
On the multifamily portion of Freddie’s portfolio, 60-day delinquency crept up to 0.09 percent from 0.08 percent during May but has plummeted from 0.27 percent as of June 30, 2012.
