While the story wasn’t so good for new business at the Federal Home Loan Mortgage Corp., it was better for serious mortgage delinquency.
At $32.683 billion during August, purchases and issuances at Freddie Mac tumbled from the previous month’s $41.152 billion.
But business at the McLean, Virginia-based company has improved compared to the same month last year, when secondary volume was $29.722 billion.
The data was included in a monthly operational summary from the government-controlled enterprise.
During the eight months ended Aug. 31, 2015, purchases and issuances amounted to $279.810 billion.
Freddie closed out last month with a total mortgage portfolio of $1.9263 trillion. The balance increased from the end of July, when it stood at $1.9253 trillion.
The total mortgage portfolio was also up from the same date in 2014, when it was $1.8948 trillion.
The most-recent figure was comprised of $1.5564 trillion in outstanding mortgage-related securities and other guarantee commitments and an $0.3699 trillion investment portfolio.
Ninety-day delinquency on the residential portion of Freddie’s loans was 1.45 percent as of the end of last month — the lowest it’s been since it stood at
1.34 percent in October 2008.
Serious residential delinquency was
1.48 percent as of July 31 and 1.98 percent as of Aug. 31, 2014.
Multifamily delinquency of at least 60 days was 0.02 percent as of Aug. 31, 2015, doubling from the prior month but down by half from the same month last year.
