The rate of serious mortgage delinquency at the Federal Home Loan Mortgage Corp. has fallen to the lowest level in nearly a decade.
As of the end of August, the McLean, Virginia-based secondary lender’s total mortgage portfolio
amounted to $2.0534 trillion.
Freddie Mac’s book of business grew from a month earlier, when it stood at $2.0439 trillion. It was also up from a year earlier, when it was $1.9795 trillion.
Those details and more were reported in Freddie’s Monthly Volume Summary: August 2017.
Included in the latest total mortgage portfolio was an $0.2709 trillion investment portfolio and $1.7825 trillion in outstanding mortgage-related securities and other guarantees.
Purchases and issuances came to $40.566 billion during the most-recent month. Business accelerated from $32.561 billion in July but fell short of $45.882 billion in August 2016.
From Jan. 1, 2017, through Aug. 31, 2017, purchases and issuances amounted to $263.248 billion.
Single-family delinquency of at least 90 days finished last month at 0.84 percent —
the lowest rate since April 30, 2008, when it was 0.81 percent. Serious mortgage delinquency was 0.85 percent as of July 31 and 1.03 percent as of Aug. 31, 2016.
Sixty-day multifamily delinquency climbed to 0.03 percent from 0.01 the prior month and a year prior.
