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Freddie’s Monthly Business Jumps to New 2017 High

The Federal Home Loan Mortgage Corp. finished last year on a high note, with monthly business reaching an annual high. But delinquency was the worst in 17 months.

As of Dec. 31,
Freddie Mac’s total mortgage portfolio was $2.0976 trillion, according to its Monthly Volume Summary: December 2017.

The McLean, Virginia-based organization’s book of business expanded from $2.0821 trillion one month earlier and $2.0114 trillion one year earlier.

The most-recent total included an $0.2535 trillion investment portfolio and $1.8442 trillion in outstanding mortgage-related securities and other guarantees.

Purchases and issuances totaled $46.359 billion last month — the biggest month of the year for the government-sponsored enterprise. Volume was $42.567 billion in November and $52.706 billion in December 2016.

Full-year 2017 purchases and issuances came to $428.786 billion, not quite as much as the $456.254 billion reported for 2016.

Single-family delinquency of at least 90 days was 1.08 percent as of year-end 2017 — the worst rate since July 2016. The deterioration was likely hurricane-related.

Serious mortgage delinquency was 0.95 percent as of Nov. 30 and 1.00 percent as of Dec. 31, 2016.

At 0.02 percent as of year-end 2017, sixty-day multifamily delinquency was unchanged from the prior
month and a basis point lower than a year prior.

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