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Freddie’s New Business Jumps, Delinquency Drops

Monthly secondary activity at the Federal Home Loan Mortgage Corp. was sharply higher, while delinquency was sharply lower. Multifamily lates haven’t changed for four months.

Last month concluded with a total mortgage portfolio for $2.1051 trillion, according to the McLean, Virginia-based company’s Monthly Volume Summary: March 2018.

Freddie Mac’s book of business expanded from $2.0994 trillion at the end of the preceding month and $2.0292 trillion on the same date last year.

The March 2018 total was comprised of an $0.2410 trillion investment portfolio and
$1.8641 trillion in outstanding mortgage-related securities and other guarantees.

Freddie’s purchases and issuances totaled $31.185 billion last month, soaring from $23.133 billion in February. Business also increased from March 2017, when there was $29.925 billion in secondary activity.

During the entire first quarter of this year, there were $80.381 billion in purchases and issuances.

At 0.97 percent, single-family delinquency of at least 90 days tumbled from 1.06 percent from a month earlier but worsened by 5 BPS from a year earlier.

Multifamily delinquency of at least 60 days was unchanged for the fourth consecutive month at 0.02 percent. The rate was 0.03 percent on the same date last year.

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