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Secondary Activity Up at Freddie Mac

Monthly business was modestly higher at the Federal Home Loan Mortgage Corp., as was the government-sponsored enterprise’s portfolio.

Freddie Mac’s total mortgage portfolio concluded November at $1.9948 trillion. The balance was up from $1.9891 trillion a month earlier.

The McLean, Virginia-based firm’s total portfolio also rose compared to the same date a year earlier, when the balance came to $1.9319 trillion.

Those were among some of the operational metrics revealed in Freddie’s Monthly Volume Summary: November 2016.

The most-recent total mortgage portfolio consisted of
an $0.3039 trillion mortgage-related investment portfolio and $1.6909 trillion in outstanding mortgage-related securities and guarantees.

Freddie said its purchases and issuances last month came to $42.732 billion. Secondary activity inched up from $41.540 billion in October and jumped from $26.537 billion in November 2015.

From Jan. 1, 2016, through Nov. 30, purchases and issuances amounted to $403.548 billion.

Single-family delinquency of at least 90 days was 1.03 percent as of Nov. 30, 2016. The rate of serious mortgage delinquency was no different than the prior month but has significantly improved from 1.36 percent a year prior.

On its multifamily loans, delinquency of at least 60 days was 0.01 percent for the fourth consecutive month. The rate was 0.03 percent as of Nov. 30, 2015.

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