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| Monthly business fell and delinquency rose at Freddie Mac.April purchases and issuances fell to $58.1 billion from $86.1 billion the prior month, the secondary lender reported today in its monthly volume summary. Still, business was better than $43.3 billion in April 2008.
Year-to-date volume stands at $205.9 billion. Freddie’s total mortgage portfolio ended last month at $2.231 trillion, lower than $2.247 trillion in March. The portfolio included $0.830 trillion in loans and mortgage-backed securities owned by Freddie and $1.401 trillion in outstanding participation certificates. Residential delinquency of at least 90 days continued to climb — rising to 2.44 percent on April 30 from 2.29 percent at the end of March. A year earlier, residential delinquency was 0.81 percent. Delinquency at Freddie sits at its highest level ever. Multifamily delinquency of at least 90 days increased to 0.10 percent from March’s 0.09 percent and April 2008’s 0.03 percent. |
