The Federal Home Loan Mortgage Corp.’s massive mortgage portfolio became even more massive for the second month in a row. Meantime, residential delinquency fell to the lowest level in nearly six years.
Last month’s purchases and issuances at the McLean, Va.-based company totaled $28.761 billion.
Secondary activity slipped from $29.691 billion in September. But volume picked up from October 2013, when just $22.379 billion in purchases and issuances were recorded.
Freddie Mac activity during the 10 months ended Oct. 31 amounted to $230.025 billion.
Freddie’s total mortgage portfolio closed out October at $1.9023 trillion, increasing for the second consecutive month from $1.8963 trillion a month earlier but declining from $1.9171 trillion a year earlier.
The Oct. 31, 2014, total mortgage portfolio was comprised of an $0.4068 trillion mortgage-related investment portfolio and $1.4956 trillion in outstanding mortgage-related securities and other guarantee commitments.
Home loan delinquency of at least 90 days finished October at 1.91 percent — the lowest rate since it was 1.72 percent in December 2008.
The 90-day rate was 1.96 percent in September 2014 and 2.48 percent in October 2013.
At 0.03 percent, multifamily delinquency of at least 60 days was unchanged from the previous month. In the same month last year, multifamily delinquency was 0.06 percent.
