Monthly secondary mortgage volume ascended to the highest level this year at the Federal Home Loan Mortgage Corp. Serious mortgage delinquency, meanwhile, descended to a fresh new post-crisis low.
McLean, Virginia-based Freddie Mac’s total mortgage portfolio was $2.1472 trillion as of Aug. 31, according to its Monthly Volume Summary: August 2018 released Tuesday.
Last month’s book of business was comprised of a $0.2345 trillion mortgage-related investment portfolio and
$1.9127 trillion in outstanding mortgage-related securities and other guarantees.
Freddie’s total book of
business was $2.1365 trillion at the end of the preceding month and $2.0534 trillion on the same date in 2017.
Last month’s purchases and issuances came in at $38.413 billion — the strongest volume of any month this year. Although secondary activity was better than $32.721 billion in July, business slowed from $40.566 billion in August 2017.
During the eight months ended Aug. 31, purchases and issuances totaled $254.304 billion.
At 0.73 percent, single-family 90-day delinquency was the lowest it’s been since it was
0.71 percent in January 2008. The serious delinquency rate was 0.78 percent a month prior and 0.84 percent a year prior.
No change for the fourth consecutive month left 60-day multifamily delinquency at 0.01 percent. The rate was 0.03 percent as of Aug. 31, 2017.
