Secondary marketing purchases by Freddie Mac last month were higher than any other month this year. But the news was not so good for delinquency, which increased for the second month in a row.
In its monthly operating summary released today, the McLean, Va.-based company reported $46.0 billion in purchases and issuances during November, jumping from $39.6 billion a month earlier. It was the highest level of monthly volume for Freddie during all of 2010.
A year earlier, volume was just $28.0 billion.
Year-to-date Nov. 30, purchases and issuances amounted to $362.1 billion.
Freddie said its total mortgage portfolio fell to $2.1720 trillion as of the end of last month from $2.1801 trillion at the end of October. At the same time last year, the balance was $2.2398 trillion.
The total portfolio reflected an investment portfolio of $0.6987 trillion and $1.4733 trillion in outstanding participation certificates.
Residential delinquency of at least 90 days was higher for the second consecutive month, rising to 3.85 percent from 3.82 percent on Oct. 31. In November 2009, the late-payment rate was 3.83 percent.
But multifamily delinquency of at least two months was lower — falling to 0.39 percent from October’s 0.44 percent. Apartment delinquency was just 0.19 percent a year earlier.
