Secondary lending volume slipped last month at the Federal Home Loan Mortgage Corp. as delinquency remained at a nearly decade low.
Last month ended with
a $2.0301 trillion total mortgage portfolio, Freddie Mac reported in its Monthly Volume Summary: April 2017.
The McLean, Virginia-based organization’s book of business continued to expand, ascending from $2.0292 trillion as of March 31, 2017.
At the same point last year, the total portfolio was $1.9535 trillion.
The April 31, 2017, portfolio was comprised of
an $0.2897 trillion mortgage-related investment portfolio and $1.7404 trillion in outstanding mortgage-related securities and other guarantees.
Last month’s purchases and issuances were $28.314 billion. Business slipped from $29.925 billion in March 2017 and $30.478 billion in April 2016.
For all four months that have elapsed so far this year, purchases and issuances came to $126.521 billion.
The secondary lender reported a 90-day single-family delinquency rate of 0.92 percent, the same as at the end of March and the lowest rate since it was 0.86 percent in May 2008. Delinquency was 1.15 percent as of the same date last year.
Multifamily delinquency of at least 60 days was also unchanged from a month earlier at 0.03 percent. The rate was 0.04 percent
as of April 30, 2016.
