The rate of serious residential delinquency at the Federal Home Loan Mortgage Corp. held to its lowest level since 2008. New business and the book of business ticked up.
Last month’s purchases and issuances at Freddie Mac finished at $29.455 billion, according to monthly operational data released Monday.
Business picked up slightly from October, when activity totaled $28.761 billion.
Activity was also stronger than in November 2013, a month that saw $22.663 billion in secondary volume.
Purchases and issuances during the 11 months ended Nov. 30 amounted to $259.480 billion.
The McLean, Va.-based company said it finished November with a total mortgage portfolio of $1.9030 trillion.
Freddie’s book was lifted from $1.9023 trillion a month earlier and $1.9140 trillion a year earlier.
Last month’s total portfolio was comprised of an $0.4020 trillion investment portfolio and $1.5009 trillion in outstanding mortgage-related securities and other guarantee commitments.
There was no change from October in residential delinquency of at least 90 days, leaving the rate at 1.91 percent. Serious delinquency has, however, declined from 2.43 percent as of Nov. 30, 2013.
The 90-day rate hasn’t been lower since it was 1.72 percent in December 2008.
Multifamily delinquency of at least 60 days was 0.03 percent in November, unchanged for two consecutive months. The multifamily rate was 0.05 percent 12 months prior.
