|
|
Freddie Mac delinquency has increased each month for the past two years and stands at an all-time high. New business, meanwhile, was down from the prior month and the prior year.
May purchases and issuances were $50.2 billion, according to a monthly volume summary released today. Volume dropped from $58.1 billion in April and $65.1 billion a year prior. So far this year, business totals $256.2 billion at the McLean, Va.-based secondary lender. The mortgage portfolio eased slightly from April to end May at $2.228 trillion. The massive portfolio included a mortgage investment portfolio of $0.823 trillion and $1.405 trillion in outstanding participation certificates. Residential delinquency fell deeper into record territory. As of May 31, 2009, delinquency of at least 90 days jumped to 2.62 percent from 2.44 percent a month earlier and 0.86 percent a year earlier. Late payments have increased each month since May 2007, when the delinquency rate was a revised 0.40 percent. Multifamily delinquency of at least 90 days climbed for the fifth consecutive month to 0.12 percent. The April 30 delinquency rate was 0.10 percent, while it was 0.03 percent on May 31, 2008. |
FREE CALCULATORS TO HELP YOU SUCCEED
Tools for Your Next Big Decision.
Amortization Calculator
Affordability Calculator
Mortgage Calculator
Refinance Calculator
FHA Mortgage Calculator
VA Mortgage Calculator
Real Estate Calculator
Tags
Pre-Approval Resources!
Making well educated decions in a matter of minutes and stay up to date on the latest news Mortgage Daily has to offer. Read our latest articles to stay up to date on what’s going on…
Resource Center
Since 1998, Mortgage Daily has helped millions of people such as yourself navigate the complicated hurdles of the mortgage industry. See our popular topics below, search our website. With over 300,000 articles, we are guaranteed to have something for you.
TOP SEARCHED TOPICS
Your mortgages approval starts here.
Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here.
Stay Up To Date with Today’s Latest Rates
Mortgage
Today’s rates starting at
Home Refinance
Today’s rates starting at
Home Equity
Today’s rates starting at
HELOC
Today’s rates starting at