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.
