Aside from worsening delinquency, Freddie Mac had strong activity last month.
November purchases and issuances were $26.9 billion, according to a monthly volume summary released today. Business climbed from $19.3 billion the previous month — when volume sank to its lowest level since at least February 2001.
During November 2007, purchases and issuances were $41.4 billion.
From January through November, Freddie said it acquired or issued $430.2 billion.
The secondary lender said its total mortgage portfolio was $2.200 trillion on Nov. 30, climbing from $2.195 trillion on Oct. 31. Components included a retained portfolio of $0.805 trillion and $1.395 trillion in outstanding participation certificates.
Freddie reported that residential delinquency of at least 90 days shot up to 1.52 percent at the end of November from 1.34 percent a month earlier and 0.60 percent a year earlier.
Multifamily delinquency of at least 90 days, however, was unchanged from October at 0.01 percent and was well below 0.05 percent in November 2007.
