After making it through seven straight months without an increase in late payments, delinquency rose last month at Freddie Mac. Secondary activity, meanwhile, slipped.
September purchases and issuances were $39.035 billion, the McLean, Va.-based company said in a monthly operational report. Business fell from $41.335 billion the previous month.
In September 2011, volume totaled $32.285 billion.
Freddie generated $327.587 in total activity from Jan. 1, through Sept. 30.
On a quarterly basis, third-quarter purchases and issuances amounted to $112.919 billion, better than the $100.7 billion in secondary activity during the second quarter. A year earlier, quarterly volume was just $80.7 billion.
Freddie continued to trim its total mortgage portfolio, which finished last month at $1.9729 trillion. The total fell from $1.9885 trillion on Aug. 31 and $2.1142 trillion as of Sept. 30, 2011.
Last month’s total reflected an $0.5680 trillion investment portfolio and $1.4049 trillion in outstanding participation certificates.
A 1-basis-point increase from August left residential 90-day delinquency at 3.37 percent. It was the first increase since January, when the rate was 3.59 percent.
Home-loan delinquency was 3.51 percent as of Sept. 30, 2011.
Moving on to multifamily delinquency, the 60-day rate slipped to 0.27 percent from 0.29 percent as of Aug. 31 and was also lower than 0.33 percent at the same point last year.
