As the Federal Home Loan Mortgage Corp. continued to increase the size of its book of business, the late-payment rate remained at a nearly 10-year low. New business slowed.
Freddie Mac managed a total mortgage portfolio that had a balance of $2.0439 trillion as of July 31, according to data provided in its Monthly Volume Summary: July 2017.
The McLean, Virginia-based firm’s book of business expanded from $2.0409 trillion one month earlier and $1.9660 trillion twelve months earlier.
The report indicated that last month’s total mortgage portfolio was made up of
an $0.2768 trillion mortgage-related investments portfolio and $1.7671 trillion in outstanding mortgage-related securities and guarantees.
Freddie’s purchase and issuances last month were $32.561 billion, off from $35.030 billion in June and $38.246 billion in July 2016.
During the seven months ended July 31, purchases and issuances amounted to $222.682 billion.
Single-family delinquency of at least 90 days was 0.85 percent as of the conclusion of last month. That tied the nearly decade-low rate reached the prior month and improved from 1.08 percent a year prior.
Multifamily delinquency of at least 60 days remained at 0.01 percent
and was down by half from the same point last year.
