New business modestly improved at the Federal Home Loan Mortgage Corp., while serious residential delinquency stands at a seven-year low.
The secondary lender reported in a monthly operational summary that it had $33.263 billion in purchases and issuances during September.
Business was slightly better than a month earlier, when the McLean, Virginia-based organization had $32.683 billion in purchases and issuances.
Activity also improved from the same month last year, when secondary volume worked out to $29.691 billion.
During the first nine months of 2015, the sum of Freddie Mac’s business was $313.073 billion.
As of Sept. 30, 2015, the total mortgage portfolio stood at $1.9313 trillion.
Freddie’s book grew from $1.9263 trillion a month earlier and $1.8983 trillion a year earlier.
The most-recent total portfolio was comprised of
an $0.3671 trillion investment portfolio and $1.5642 trillion in outstanding mortgage-related securities and other guarantee commitments.
Further improvement was made on the residential 90-day delinquency rate, which declined four basis points from August to 1.41 percent.
Serious delinquency was 1.96 percent in September 2014.
Ninety-day residential delinquency currently stands at its lowest level since
October 2008, when it was 1.34 percent.
The 60-day rate on multifamily delinquency also improved, falling a basis point on a month-over-month basis to 0.01 percent. A two-basis-point improvement has been made on a year-over-year basis.