Home-loan delinquency edged higher, as did secondary marketing activity last month at Freddie Mac. But late payments on apartment loans improved.
At $33.4 billion, October’s purchases and issuances were slightly more than $32.3 billion a month prior. But the secondary lender’s business fell from $39.6 billion a year prior.
The results were laid out in Freddie’s monthly operational summary.
So far this year, volume at the McLean, Va.-based company totals $292.3 billion.
The massive mortgage portfolio continued to decline, falling to $2.1049 trillion from $2.1142 trillion as of Sept. 30. The ending balance was $2.1801 trillion as of Oct. 31, 2010.
A mortgage investment portfolio of $0.6691 trillion accounted for part of the total portfolio, while outstanding participation certificates of $1.4358 trillion made up the rest.
Residential delinquency of at least three months was 3.54 percent last month, deteriorating for the second consecutive month. The rate was 3.51 percent as of the end of September and 3.82 at the same point in 2010.
Multifamily delinquency of at least 60 days, however, was lower — falling to 0.31 percent from 0.33 percent. The rate was also lower than 0.39 percent on Oct. 31, 2010.
