While quarterly business was slower at the Federal Home Loan Mortgage Corp., secondary marketing activity picked up last month. Delinquency, both for residential and commercial real estate, hasn’t seen an increase in at least six months.
First-quarter purchases and issuances totaled $137.978 billion, off from the $146.214 billion in business delivered in the fourth-quarter 2012.
Freddie Mac grew the level of its purchases and issuances from the first quarter of last year, when volume amounted to $114.013 billion based on previously reported data.
Secondary activity during just last month was $52.009 billion, jumping from $42.850 billion in February.
A year earlier, the revised level of volume was $40.914 billion.
The McLean, Va.-based company’s total mortgage portfolio increased to $1.9483 trillion as of March 31 from $1.9417 trillion at the end of February and $2.0565 trillion at the same point last year.
Freddie’s mortgage investment portfolio accounted for $0.5342 trillion of the most recent total portfolio, and outstanding mortgage-related securities and other guarantee commitments accounted for $1.4141 trillion.
Residential delinquency of at least 90 days was 3.03 percent, falling from 3.15 percent as of Feb. 28.
Serious delinquency hasn’t risen since September 2012, when the 90-day rate was 3.37 percent.
Residential loan delinquency was 3.51 percent as of March 31, 2012.
Multifamily delinquency of at least 60 days was unchanged from February at 0.16 percent.
Delinquency on apartment loans, which hasn’t increased since it was 0.29 percent in July 2012, was 0.23 percent at the end of the first-quarter 2012.
