New business at the Federal Home Loan Mortgage Corp. was the most it’s been in 11 months, while delinquency fell to the lowest level in nearly eight years.
The McLean, Virginia-based company
had $37.196 billion in purchases and issuances during June.
That was the biggest month for the government-sponsored enterprise since July 2015, when secondary volume came to $41.152 billion, based on historical data maintained by Mortgage Daily.
The results were included in Freddie Mac’s Monthly Volume Summary: June 2016.
Purchases and issuances totaled $35.684 billion in May 2016 and $41.300 billion in June 2015.
For all six months of 2016 that have elapsed, volume amounted to
$190.133 billion.
On a quarterly basis, purchases and issuances climbed to $103.358 billion in the second quarter from $86.775 billion three months earlier.
Freddie’s
total mortgage portfolio was $1.9608 trillion as of mid-2016. The book of business increased from $1.9577 trillion as of May 31 and $1.9240 trillion as of mid-2015.
The June 30, 2016, total consisted of an $0.3207 trillion investment portfolio and
$1.6401 trillion in outstanding mortgage-related securities and other guarantees.
Single-family delinquency of at least 90 days closed out mid-year at 1.08 percent.
Serious delinquency has not been this low since July 2008, when it was 1.01 percent — at the time the highest rate on record based on data back to February 2001.
The 90-day rate was 1.11 percent as of May 31, 2016, and 1.53 percent as of June 30, 2015.
Multifamily delinquency of at least 60 days was 0.02 percent as of the most-recent date, no different than a month earlier and up from 0.01 percent twelve months earlier.
