New business at the Federal Home Loan Mortgage Corp. escalated to the highest level in two years, while serious delinquency was down to the lowest level in more than six years.
The secondary mortgage lender reported that it had $41.300 billion in purchases and issuances during June.
Based on historical data, last month turned out to be the best month for the McLean, Virginia-based company
since July 2013, when secondary activity totaled $42.250 billion.
In
May 2015, volume totaled $37.375 billion, while the number was $24.604 billion in June 2014.
On a quarterly basis, purchases and issuances totaled $115.155 billion, increasing from $90.820 billion in the first quarter and $64.057 billion in the second-quarter 2014.
From Jan. 1 through June 30 of this year, business amounted to
$205.975 billion.
Freddie reported a total mortgage portfolio of $1.9240 trillion as of mid-year 2015, growing from $1.9195 trillion three months earlier and $1.8953 trillion a year earlier.
The June 30, 2015, total portfolio included
$1.5414 trillion in outstanding mortgage-related securities and other guarantees and an $0.3825 trillion investment portfolio.
Residential delinquency of at least 90 days finished the first-half 2015 at 1.53 percent — the lowest rate since it was 1.52 percent in November 2008.
Serious delinquency was
1.58 percent as of May 31, 2015, and 2.07 percent as of June 30, 2014.
There was no change from May 2015 in multifamily 60-day delinquency, which finished last month at 0.01 percent. The rate was 0.02 percent as of mid-2014.
