Secondary activity sank to the slowest level in six months at the Federal Home Loan Mortgage Corp. Delinquency, meantime, fell to a new post-crisis low.
Freddie Mac reported in its
Monthly Volume Summary: January 2017 that its total mortgage portfolio concluded the first month of the year at $2.0176 trillion.
The McLean, Virginia-based company’s portfolio climbed from $2.0114 trillion as of year-end 2016. It also grew from $1.9441 trillion at the same point last year.
January 2017’s total mortgage portfolio consisted of an $0.2989 trillion investment portfolio and $1.7187 trillion in outstanding mortgage-related securities and other guarantees.
The secondary mortgage lender generated $39.250 billion in purchases and issuances last month — less than in any month since July 2016 when the total was $38.246 billion.
Business totaled $52.706 billion in December 2016 and $28.965 billion in January 2016.
Single-family delinquency of at least 90 days was
0.99 percent as of Jan. 31, 2017 — the lowest past-due rate since it was 0.93 percent as of June 30, 2008. Serious mortgage delinquency was 1.00 percent at the close of 2016 and 1.33 percent at the same point in 2016.
Multifamily delinquency of at least 60 days was 0.03 percent as of January 2017. The rate was unchanged from a month earlier and off from 0.04 percent a year earlier.
