It’s been nearly a year since secondary mortgage activity at the Federal Home Loan Mortgage Corp. was as strong as it was last month.
At the end of October, the McLean, Virginia-based company maintained a total mortgage portfolio of $2.0671 trillion, according to
its latest monthly summary.
The book of business continued expand from a month earlier, when the total was $2.0568 trillion, and a year earlier, when it was $1.9891 trillion.
Most recently, the portfolio consisted of an $0.2592 trillion investment portfolio and $1.8079 trillion in outstanding mortgage-related securities and other guarantees.
Purchases and issuances at the government-sponsored enterprise came in at $41.315 billion — the biggest month since December 2016’s $52.706 billion. In September 2017, Freddie’s secondary activity
came to $35.297 billion, while it totaled $41.540 billion in October 2016.
From Jan. 1, 2017, through Oct. 31, purchases and issuances amounted to $339.860 billion.
Moving on to delinquency, the 90-day rate on single-family loans concluded October 2017 at 0.86 percent, the same as a month earlier but better than 1.03 percent a year earlier.
On its multifamily book of business, 60-day delinquency inched up to 0.03 percent from 0.02 percent as of Sept. 30 and 0.01 percent as of Oct. 31, 2016.
