The Federal Home Loan Mortgage Corp. saw quarter-over-quarter gains in earnings and business, though things slowed from a year prior.
During the three months that ended on June 30, the secondary lender financed 540,000 housing units, more than 522,000 in the first quarter.
But the level of business activity retreated compared to the same three-month period last year, when the total came to 620,000 housing units.
McLean, Virginia-based Freddie Mac detailed the metrics in its second-quarter 2016 earnings report.
The latest volume included 210,000 refinances, 182,000 home purchases and 148,000 multifamily units.
The report indicated that new
single-family funding volume climbed to $91 billion in the second-quarter 2016 from $69 billion three months earlier.
But volume slipped from $101 billion a year earlier.
The most-recent total included $48 billion in refinances and $43 billion in purchases.
Multifamily funding volume came to $27 billion for the first-half 2016. Full-year 2015 multifamily activity was $47 billion.
Freddie said its total multifamily portfolio finished June 2016 at $198 billion, up from $188 billion at the end of last year.
The government-controlled enterprise reported pre-tax income of $1.5 billion during the latest period.
Earnings swung from an $0.5 billion first-quarter loss but plummeted from a $6.1 billion second-quarter 2015 profit.
Second-quarter 2016 earnings included $0.6 billion from single-family guarantee, $0.3 billion from multifamily and $0.3 billion from investments.
Including a planned $933 million payment in September, Freddie has paid $99.1 billion in dividends to the Department of the Treasury.
Dividends paid are well in excess of the $71.3 billion in draws it has taken since being thrown into conservatorship in September 2008.
