Delinquency deteriorated and new business stumbled at the Federal Home Loan Mortgage Corp. But the company’s book of business continued to expand.
The ending balance of the total mortgage portfolio was $2.0568 trillion as of September 2017, according to Freddie Mac’s Monthly Volume Summary: September 2017.
A month earlier, the balance at the McLean, Viriginia-based company was $2.0534 trillion. A year earlier, the total stood at $1.9840 trillion.
Last month’s total included
an $0.2667 trillion investment portfolio and $1.7901 trillion in outstanding mortgage related securities and other guarantees.
Purchases and issuances at the secondary mortgage lender came to $35.297 billion, falling from $40.566 billion in August. Business sank from September 2016, when secodnary activity
worked out to $45.015 billion.
During the nine months ended Sept. 30, 2017, purchases and issuances amounted to $298.545 billion.
Single-family delinquency of at least 90 days was 0.86 percent at the end of last monh, rising 2 basis points from Aug. 31, 2017. The serious delinquency rate was 1.02 percent as of Sept. 30, 2016.
Multifamily delinquency of at least 60 days dipped a basis point to 0.02 percent but was a basis point higher than as of the same date last year.
