After ascending to the highest level this year, monthly secondary activity moved even higher at the Federal Home Loan Mortgage Corp. Serious mortgage delinquency, however, deteriorated.
The government-sponsored enterprise’s total mortgage portfolio finished November at $2.0821 trillion, according to its Monthly Volume Summary: November 2017.
McLean, Virginia-based Freddie Mac’s book of business continued to grow from the prior month, when it was $2.0671 trillion, and a year prior, when it stood at $1.9948 trillion.
Comprising the
latest book of business was an $0.2540 trillion investment portfolio and $1.8281 trillion in outstanding mortgage-related securities and other guarantees.
Freddie reported that its purchases and issuances came
in at $42.567 billion, surpassing the calendar-year 2017 high in October of $41.315 billion. The latest business was just shy, however, of $42.732 billion in November 2016.
November 2017’s secondary activity brought the year-to-date total to $382.427 billion.
Single-family delinquency of at least 90 days was 0.95 percent, jumping from 0.86 percent
as of Oct. 31. The surge came as Black Knight Inc. reported today that a November spike in the 90-day inventory of all U.S. mortgages “can be attributed to hurricanes Harvey and Katrina.”
Freddie’s serious mortgage delinquency
was still lower than 1.03 percent as of Nov. 30, 2016.
Last month’s 60-day multifamily rate was 0.02 percent, easing from 0.03 percent a month earlier and inching up from 0.01 percent a year earlier.
