It has been nearly four years since secondary activity at the Federal Home Loan Mortgage Corp. was as slow as it was last month. Delinquency, meanwhile, dipped.
In its Monthly Volume Summary: February 2018, McLean, Virginia-based Freddie Mac reported a total mortgage portfolio of $2.0994 trillion.
The Feb. 28 book of business was comprised of an $0.2467 trillion investment portfolio and $1.8527 trillion in outstanding mortgage-related securities and guarantees.
As of one month earlier, the total book of business was $2.0961 trillion, while it stood at at $2.0212 trillion on year earlier.
Purchases and issuances at the government-controlled enterprise came to $23.133 billion last month — the slowest month
since May 2014 when volume was $19.569 billion.
Secondary activity was $26.063 billion in January 2018 and $29.032 billion in February 2017.
During the first-two months of this year, purchases and issuances amounted to $49.196 billion.
Delinquency of at least 90 days on single-family loans ended last month at 1.06 percent, off a basis point from
the preceding period but 8 BPS worse than the same date last year.
Sixty-day multifamily delinquency was unchanged at 0.02 percent and a basis point less than as of Feb. 28, 2017.
