Secondary activity picked up last month at the Federal Home Loan Mortgage Corp., while serious residential delinquency moved lower and past-due payments on apartment loans improved.
In a monthly operational summary released Friday by Freddie Mac, purchases and issuances were reported at $24.604 billion for June.
New business turned higher from the previous month, when secondary activity came in at $19.569 billion. But activity was down by nearly half from the $48.388 billion in new business previously reported for the same month last year.
On a quarterly basis, the McLean, Va.-based company generated $64.057 billion in purchases and issuances during the three months ended June 30, increasing from $52.419 billion in the first quarter. That brought year-to-date activity to $116.476 billion.
In the second-quarter 2013, volume was $138.067 billion.
Freddie’s total mortgage portfolio continued to slide, ending last month at $1.8953 trillion compared to $1.8955 trillion a month earlier and $1.9452 trillion a year earlier.
The mid-year 2014 total included $1.4754 trillion in mortgage-related securities and other guarantee commitments and an $0.4199 trillion investment portfolio.
Delinquency of at least 90 days on the residential portion of the total portfolio was 2.07 percent as of June 30, improving 3 basis points from the previous month and 72 BPS better than mid-2013.
Freddie reported its 60-day multifamily delinquency at 0.02 percent, down from 0.06 percent as of May 31 and 0.09 percent as of June 30, 2013.