New monthly business fell to the lowest level in nearly two years at the Federal Home Loan Mortgage Corp. Serious delinquency on residential loans, however, improved.
The first month of this year ended with a total mortgage portfolio of $2.0981 trillion, according to Freddie Mac’s Monthly Volume Summary: January 2018.
Continued growth was observed at the McLean, Virginia-based company compared to $2.0976 trillion at the end of last year and $2.0176 trillion at the same point last year.
Reflected in last month’s total was
an $0.2559 trillion investment portfolio and $1.8422 trillion in outstanding mortgage-relate securities and other guarantees.
Purchases and issuances during January 2018 totaled $26.063 billion — the slowest month since
volume was $26.034 billion in February 2016.
Secondary activity came to $46.359 billion in December 2017 and $39.250 billion in January 2017.
Freddie reported single-family 90-day delinquency of 1.07 percent as of Jan. 31, 2018, a basis point lower than a month earlier but 8 BPS worse than a year earlier.
Multifamily delinquency of at least 60 days was unchanged for the second consecutive month at 0.02 percent and has improved from 0.03 percent as of year-end 2016.
