Freddie Mac’s new secondary business moved higher again, while both residential and multifamily delinquency, once again, moved lower. The firm’s massive mortgage portfolio increased.
July saw $25.375 billion in purchases and issuances, a monthly operational report from the McLean, Va.-based company said.
Business ascended for the second consecutive month from $24.604 billion in June but sank compared to the $42.250 billion in purchases and issuances during July 2013.
During the seven months ended July 31, Freddie’s purchases and issuances were $141.851 billion.
Activity at the government-controlled company left its total mortgage portfolio at $1.8955 trillion, expanding from $1.8953 trillion as of June 30.
But the portfolio has been pared down from $1.9425 trillion as of July 31, 2013.
The July 31, 2014, total included an investment portfolio of 0.4175 trillion and $1.4780 trillion in outstanding mortgage-related securities and other guarantee commitments.
Residential loan delinquency of at least 90 days was 2.02 percent as of the end of last month, 5 basis points lower than as of mid-year.
Serious mortgage delinquency hasn’t risen since it was 3.37 percent in September 2012.
As of July 31, 2013, the 90-day delinquency rate on home loans was 2.70 percent.
Moving on to multifamily, 60-day delinquency was 0.05 percent. 3 BPS worse than in June but a basis point better than as of July 31, 2013.
