Freddie Mac keeps breaking records — just not the right ones.
Purchases and issuances were $28.0 billion last month, a monthly operational summary indicated. Volume was down from $32.2 billion in October but slightly higher than $26.9 billion a year ago.
Year-to-date activity totaled $504.3 billion.
Freddie’s total mortgage portfolio finished November at $2.2398 trillion, lower than $2.2439 trillion a month earlier. The Nov. 30 figure included an $0.7618 trillion mortgage portfolio and $1.4781 trillion in outstanding participation certificates.
The McLean, Va.-based company reported that residential delinquency of at least 90 days climbed to 3.72 percent from 3.54 percent in October and 1.52 percent in November 2008. As has regularly been the case recently, home loan delinquency reached an all-time high.
Multifamily delinquency ended November at 0.14 percent, above 0.12 percent the prior month and 0.01 percent the prior year.
