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Freddie’s Business Slips, Delinquency at 8-Yr Low

Secondary mortgage activity dipped last month at Freddie Mac. Meanwhile, a new eight-year low was established for serious residential loan delinquency.

Freddie Mac concluded September with a total mortgage portfolio of $1.9840 trillion. The portfolio balance was up from $1.9795 trillion the prior month.

The data, along with other operational metrics, were reported by the McLean, Virginia-based company in its Monthly Volume Summary: September 2016.

As of Sept. 30, 2015, the total mortgage portfolio stood at $1.9313 trillion.

Last month’s total consisted of
an $0.3081 trillion investment portfolio and $1.6759 trillion in outstanding mortgage-related securities and other guarantees.

The secondary mortgage lender generated $45.015 billion in purchases and issuances during September 2016. Business slipped from $45.882 billion a month earlier but increased from $33.263 billion a year earlier.

From Jan. 1, 2016, through Sept. 30, Freddie’s purchases and issuances amounted to $319.276 billion.

On its single-family portfolio, delinquency of at least 90 days concluded last month at 1.02 percent — the lowest rate since it was 1.01 percent in July 2008.

Serious mortgage delinquency was 1.03 percent as of Aug. 31, 2016, and 1.41 percent as of Sept. 30, 2015.

Multifamily delinquency of at least 60 days was 0.01 percent as of Sept. 30, 2016. The rate was no different that as of the prior month and a year prior.

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