For the second consecutive month, secondary activity has slowed at the Federal Home Loan Mortgage Corp. Also worsening was delinquency.
As of Oct. 31, Freddie Mac’s total mortgage portfolio was $1.9891 trillion. The total grew from $1.9840 trillion at the end of the prior month.
The McLean, Virginia-based organization revealed the operational statistics Tuesday in its Monthly Volume Summary: October 2016.
A year prior, the total portfolio stood at $1.9325 trillion.
Last month’s total was comprised of an $0.3093 trillion investment portfolio and $1.6797 trillion in outstanding
mortgage-related securities and other mortgage-related guarantees.
October 2016 saw $41.540 billion in purchases and issuances. Business slowed from $45.015 billion in September — when volume was also lower. But secondary activity moved up from $28.372 billion in October 2015.
During all 10 months that have elapsed so far during 2016, purchases and issuances amounted to $360.816 billion.
Single-family delinquency of at least 90 days was 1.03 percent — worsening from 1.02Â percent as of Sept. 30, 2016. But serious mortgage delinquency was well below 1.38 percent as of Oct. 31, 2015.
Multifamily delinquency of at least 60 days remained at 0.01 percent for the third consecutive month and was lower than 0.03 percent as of the same date last year.
