Secondary activity bounced off a monthly low but just barely at the Federal Home Loan Mortgage Corp. Loan performance was better than it’s been in nine years.
At the conclusion of March 2017, Freddie Mac’s total mortgage portfolio stood at $2.0292 trillion. The balance grew from $2.0212 trillion as of the prior month.
An even bigger
expansion has been made compared to the same date last year, when the McLean, Virginia-based secondary lender’s total portfolio was $1.9554 trillion.
The metrics, along with other operational data, were included in Freddie’s Monthly Volume Summary: March 2017.
Last month’s portfolio was comprised of
an $0.2912 trillion investment portfolio and $1.7380 trillion in outstanding mortgage-related securities and guarantees.
Purchases and issuances were $29.925 billion during March, up minimally from $29.032 billion in February — the lowest monthly volume since February 2016. Secondary volume slipped from $31.778 billion in March 2016.
From Jan. 1, 2017, through March 31, purchases and issuances amounted to $98.207 billion.
Single-family delinquency of at least 90 days concluded March of this year at 0.92 percent — the lowest since
it was 0.86 percent in May 2008. The rate was 0.98 percent as of Feb. 28, 2017, and 1.20 percent as of March 31, 2016.
Multifamily delinquency of at least 60 days remained at 0.03 percent but was down from 0.04 percent the same date last year.
