It’s been a year since secondary activity was this low at the Federal Home Loan Mortgage Corp. Delinquency, meanwhile, fell to a new post-crisis low.
Purchase and issuances during February at Freddie Mac came to $29.032 — the slowest month since February 2016, when the total was $26.034 billion.
The McLean, Virginia-based company disclosed the metrics, along with other operational results, in its Monthly Volume Summary: February 2017.
In the first month of this year, secondary activity totaled $39.250 billion.
Year-to-date volume amounted to $68.282 billion.
Last month concluded with a total mortgage portfolio of $2.0212 trillion. Freddie’s book of business expanded from $2.0176 trillion as of Jan. 31 and $1.9470 trillion as of Feb. 29, 2016.
The Feb. 28, 2017, total was comprised of an $0.2954 trillion investment portfolio and $1.7258 trillion in outstanding mortgage-related securities and guarantees.
Single-family delinquency of at least 90 days finished last month at 0.98 percent —
the lowest level since it was 0.93 percent as of June 30, 2008.
Serious mortgage delinquency was
0.99 percent at the close of January and 1.26 percent as of the same date last year.
On Freddie’s multifamily loans, delinquency of at least 60 days was 0.03 as of the most recent month, unchanged from a month earlier and off from 0.04 percent a year earlier.
