New business at the Federal Home Loan Mortgage Corp. fell to the lowest level this year. Home loan delinquency has declined every month this year, and apartment loan delinquency was lower.
A monthly volume summary from the secondary lender indicated that purchases and issuances amounted to $35.963 billion in August.
The last time business was slower was in December of last year, when volume was $31.288 billion.
Purchases and issuances were $42.250 billion in July and $40.253 billion in August 2012.
During the first eight months of 2013, business at the McLean, Va.-based company totaled $364.258 billion.
Freddie finished last month with a $1.9343 trillion total mortgage portfolio, down from $1.9425 trillion at the end of July. At the same point in 2013, the total portfolio was $1.9885 trillion.
Last month’s total was comprised of an $0.5119 trillion mortgage-related investment portfolio and $1.42234 trillion in outstanding mortgage-related securities and other guarantee commitments.
Residential delinquency of at least 90 days finished August at 2.64 percent, down from the prior month’s 2.70 percent.
Delinquency, which has been lower each month since December — when it stood at 3.25 percent — was 3.36 percent in August 2012.
Multifamily delinquency of at least 60 days drifted down to 0.05 percent from 0.06 percent as of July 31 and has plunged from 0.29 percent as of Aug. 31, 2012.
