Freddie Mac saw its month-over-month secondary purchases and delinquency improve, though year-over-year performance deteriorated. The secondary lender’s massive portfolio declined nearly $2 billion.
Freddie reported today $30.9 billion in June purchases and issuances. Volume was better than $25.2 billion in May but less than half the $63.2 billion reported for June 2009.
First-quarter purchases and issuances totaled $82.2 billion, lower than $96.8 billion in the first-quarter 2010.
The McLean, Va.-based company’s total mortgage portfolio ended last month at $2.2219 trillion, falling from $2.2236 trillion at the end of May. The balance was $2.2405 trillion on June 30, 2009.
The total mortgage portfolio included an $0.7395 trillion investment portfolio and $1.4824 trillion in outstanding participation certificates.
Residential delinquency of at least 90 days was 3.96 percent on June 30, improving from 4.06 percent on May 31. Delinquency was still well above, however, 2.89 percent at the end of June 2009.
Apartment delinquency of at least 60 days also fell, finishing June at 0.28 percent. The multifamily rate was 0.32 percent at the end of May and 0.16 percent a year earlier.
