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Freddie’s Monthly Biz Jumps, Lates at 7-Year Low

New business at the Federal Home Loan Mortgage Corp. was the best it’s been in five months, and delinquency was at a more than seven-year low.

There were
$34.028 billion in purchases and issuances during December at Freddie Mac.

The McLean, Virginia-based organization disclosed the monthly figure, as well as additional operational metrics, in a monthly volume summary report.

Activity escalated from one month prior, when the secondary total was $26.537 billion.

It was also up from $31.917 billion one year prior.

During all of last year, purchases and issuances amounted to $402.010 billion, far surpassing the prior year’s volume of $291.397 billion.

The elevated activity left Freddie with a $1.9416 trillion total mortgage portfolio as of Dec. 31, 2015.

Freddie’s book grew from $1.9319 trillion at the end of November and $1.9101 trillion at the end of 2014.

The latest total was comprised of an $0.347 billion investment portfolio and $1.5947 trillion in outstanding mortgage-related securities and other guarantee commitments.

Freddie finished last year with a 1.32 percent residential 90-day delinquency rate — the lowest rate since September 2008’s 1.22 percent.

Serious mortgage delinquency was 1.36 percent as of Nov. 30 and 1.86 percent as of Dec. 31, 2014.

Freddie reported a 60-day multifamily delinquency rate of 0.02 percent, off a basis point from the end of November and down two BPS from the end of December 2014.

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