New business inched higher at the Federal Home Loan Mortgage Corp. As the company’s book of business expanded, serious mortgage delinquency declined.
When April 2018 was over, Freddie Mac’s total mortgage portfolio stood at $2.1123 trillion — including an $0.2403 trillion investment portfolio and $1.8720 trillion in outstanding mortgage-related securities and other guarantees.
The McLean, Virginia-based secondary mortgage lender reported the data, along with other operational metrics, in its
Monthly Volume Summary: April 2018.
Freddie’s total book of business was up from $2.1051 trillion as of one month earlier and was also larger than $2.0301 trillion as of one year earlier.
Purchase and issuances came to $31.753 billion last month. Business was slightly better than in March, when volume was $31.185 billion. Activity also ascended from April 2017,
when secondary activity was $28.314 billion.
From Jan. 1 through April 30 of this year, purchases and issuances amounted to $112.134 billion.
On single-family loans, Freddie’s 90-day delinquency was 0.94 percent, falling from 0.97 percent the preceding month but rising from 0.92 percent a year previous.
Multifamily delinquency of at least 60 days was just 0.01 percent, lower than 0.02 percent as of March 31, 2018, and 0.03 percent as of April 30, 2017.
