Mortgage Daily Logo
mortgage news from industry experts

Freddie’s Book Tops $2 Tril, New Biz at 4-Yr High

In addition to pushing its book of business past $2 trillion, Freddie Mac lifted secondary mortgage activity to a four-year high and cut delinquency to an eight-year low.

The total mortgage portfolio at the Federal Home Loan Mortgage Corp. concluded
2016 at $2.0114 trillion — surpassing $2 trillion for the first time since June 2012.

McLean, Virginia-based Freddie Mac’s book of business was $1.9948 trillion as of Nov. 30, 2016. As of year-end 2015, the total portfolio was $1.9416 trillion.

The Dec. 31, 2016, total mortgage portfolio was comprised of an
$0.2984 trillion investment portfolio and $1.7130 trillion in outstanding mortgage-related securities and other guarantees.

Purchases and issuances totaled $52.706 billion during December 2016 —
the strongest month since November 2012 when the total was $60.230 billion.

Secondary activity totaled
$42.732 billion in November 2016 and $34.028 billion in December 2015.

Full-year 2016 activity amounted to $456.254 billion, climbing from $402.010 billion the prior year.

Freddie reported that 90-day single-family delinquency closed out 2016 at 1.00 percent —
the lowest rate since it was 0.93 percent as of June 30, 2008.

Serious mortgage delinquency
was 1.03 percent as of Nov. 30, 2016, and 1.32 percent as of year-end 2015.

Multifamily delinquency of at least 60 days closed out last year at
0.03 percent, up from 0.01 percent a month earlier but off from 0.04 percent a year earlier.

Popular posts

How Long Does It Take to Refinance a Mortgage
How Long Does It Take to Refinance a Mortgage

So, you’re interested in refinancing your mortgage. Maybe you want some extra capital to do that home project you’ve always dreamed of, interest rates are nearing record lows, or you want to start consolidating debt. Regardless of the motivation behind the refinance,...

How Does Refinancing a Mortgage Work
How Does Refinancing a Mortgage Work

A home purchase is considered an investment, and a robust one at that. Savvy owners are constantly looking for new ways to reduce debt, save money, pay less in interest, and ultimately build equity. Refinancing is one way to leverage your investment and do just that....

What Does It Mean to Refinance Your Home
What Does It Mean to Refinance Your Home

You can think of refinancing your mortgage as a debt redo. Essentially, you’ll swap out the existing loan for a new one - ideally with better terms and conditions. Only this time it could help you save money on high mortgage payments, rather than just borrow it....

Setting up the Utilities in My New House
Setting up the Utilities in My New House

All the tedious, time-consuming home closing documents have been signed, sealed, and delivered. Your belongings are packed into what seems like a million boxes and you have a solid plan to haul all your existing furniture to the new place. Just as your boxes and...

When Is My First Mortgage Payment Due?
When Is My First Mortgage Payment Due?

Navigating your way through a brand new mortgage loan can be a difficult task, especially for first time homeowners. After handing over a large sum of money for the down payment and closing costs, it’s important to pay attention to the timing of your first mortgage...


Don’t worry, we don’t spam

calculate your monthly mortgage payment

Related Topics

Helpful Links

Daily mortgage rate trends

Best mortgage lenders

First-time homebuyers programs by state

Loan limits by state

Types of mortgages

APR vs interest rate

Understanding PMI

Related Posts