With its third-best showing during the past year, Freddie Mac lifted secondary marketing activity by more than a quarter last month. Home-loan delinquency was lower and has not deteriorated since the beginning of this year.
August purchases and issuances were $41.335 billion, the McLean, Va.-based company reported in its monthly volume summary. Activity increased from $32.549 billion the prior month and was also stronger than the same month last year, when secondary volume was $27.727 billion.
Freddie has generated $288.552 billion in business so far in 2012.
The total mortgage portfolio, which fell below $2 trillion in July for the first time since August 2007, was again lower at $1.9885 trillion. The total was $1.9976 trillion a month earlier and $2.1169 trillion as of Aug. 31, 2011.
An $0.5734 trillion mortgage investment portfolio and $1.4252 trillion in outstanding mortgage-related securities made up the Aug. 31, 2012, total portfolio.
Ninety-day residential delinquency fell to 3.36 percent from 3.42 percent and was also better than 3.49 percent during the same month in 2011. The delinquency rate has not increased since January’s 3.59 percent rate.
At 0.29 percent, Freddie’s 60-day multifamily delinquency was the same as in July. The multifamily rate was 0.35 percent a year previous.
