Just a month after sinking to the lowest level in at least 13 years, new business at the Federal Home Loan Mortgage Corp. increased — though activity remains painfully low. Home loan performance continued to improve.
The secondary lending giant reported that purchases and issuances totaled $19.884 billion last month.
Activity moved up from March, when volume tumbled to $15.112 billion — the lowest level since at least February 2001. But business has substantially diminished from $47.298 billion reported for April 2013.
From Jan. 1 through April 30, purchases and issuances at the McLean, Va.-based company amounted to $72.303 billion.
Moving on to Freddie Mac’s total mortgage portfolio, April’s ending balance was $1.8988 trillion. The total declined from $1.9035 trillion one month earlier and $1.9492 trillion one year earlier.
The latest balance reflected an $0.4285 trillion investment portfolio and $1.4702 trillion in outstanding mortgage-related securities and other guarantee commitments.
Residential loan delinquency of at least 90 days finished last month at 2.15 percent.
The 90-day rate was 5 basis points lower than as of March 31 and 76 BPS better than as of April 30, 2013.
The rate of past-due payments of at least 60 days on multifamily loans inched up to 0.05 percent from 0.04 percent as of March 31 but was 4 BPS less than as of April 30, 2013.