Mortgage Daily

Published On: May 26, 2004
Freddie Portfolio Off 6 Months in a Row

April new business purchases $48.4 billion

May 26, 2004

By MortgageDaily.com staff

New business continued to increase at Freddie Mac, but the size of its investment portfolio has shrunk six months in a row.

Freddie’s new business purchases climbed for the second consecutive month as the total rose to $48.4 billion in April from the previous month’s $43.1 billion, according to its latest monthly volume summary. A year earlier, the total stood at $64.3 billion.

The government-sponsored enterprise said its total mortgage portfolio had an ending balance of $1.4 trillion, of which $800.6 billion consisted of net participation certificates. The remaining portion came from its retained portfolio, which fell for the sixth straight month at an annual rate of 7.8% in April to nearly $631.5 billion. The size of the investment, or retained, portfolio peaked at $655.5 billion at the end of October 2003.

The single-family 90-day delinquency rate was 0.83% in March, down 3 basis points from February, the McLean, Va., company reported. Meanwhile, the multifamily 60-day delinquency rate slipped 1 basis point to 0.06%. Delinquency is reported on a one-month lag.

April’s duration gap reportedly averaged zero, unchanged since September.

FREE CALCULATORS TO HELP YOU SUCCEED
Tools for Your Next Big Decision.

Amortization Calculator

Affordability Calculator

Mortgage Calculator

Refinance Calculator

FHA Mortgage Calculator

VA Mortgage Calculator

Real Estate Calculator

Tags

Pre-Approval Resources!

Making well educated decions in a matter of minutes and stay up to date on the latest news Mortgage Daily has to offer. Read our latest articles to stay up to date on what’s going on…

Resource Center

Since 1998, Mortgage Daily has helped millions of people such as yourself navigate the complicated hurdles of the mortgage industry. See our popular topics below, search our website. With over 300,000 articles, we are guaranteed to have something for you.

Your mortgages approval starts here.

Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here.

Stay Up To Date with Today’s Latest Rates

Mortgage

Today’s rates starting at

4.63%

5/1 ARM
$200,000 LOAN

Home Refinance

Today’s rates starting at

4.75%

30 YEAR FIXED
$200,000 LOAN

Home Equity

Today’s rates starting at

3.99%

3 YEAR
$200,000 LOAN

HELOC

Today’s rates starting at

2.24%

30 YEAR FIXED
$200,000 LOAN