New business moved lower last month at the Federal Home Loan Mortgage Corp., though so did residential delinquency.
Monthly operational data released by Freddie Mac indicate that $31.406 billion in purchases and issuances were completed in March.
Business wasn’t as good as in February, when $34.104 billion in secondary activity occurred.
In the same month during 2014, purchases and issuances totaled $15.112 billion.
During the three months ended March 31, 2015, volume amounted to $90.820 billion.
The McLean, Virginia-based firm finished last month with a $1.9147 trillion total mortgage portfolio, growing from $1.9132 trillion one month earlier and $1.9035 trillion one year earlier.
The March 31, 2015 total included
$1.5091 trillion in outstanding mortgage-related securities and other guaranty commitments. Making up the rest was an $0.4056 trillion investment portfolio.
Freddie said that single-family delinquency of at least 90 days was 1.73 percent in the most-recent period, dropping from 1.81 percent as of Feb. 28.
Delinquency was last this low in December 2008, when it was 1.72 percent.
As of March 31, 2014, serious delinquency stood at 2.20 percent.
The secondary lender reported 60-day multifamily delinquency at 0.03 percent, unchanged for two consecutive months.
At the same point last year, the rate was 0.04 percent.
