Secondary activity at the Federal Home Loan Mortgage Corp. in on pace to see an annual drop. Serious delinquency, meanwhile, fell to a new post-crisis low.
McLean, Virgina-based Freddie Mac reported in its Monthly Volume Summary: June 2018 that its total mortgage portfolio stood at $2.1302 trillion as of June 30
The total
included an $0.2364 trillion mortgage investment portfolio and $1.8937 trillion in outstanding mortgage-related securities and other guarantees.
Freddie’s book of business increased from $2.1234 trillion the preceding month and $2.0409 trillion at the mid-point of last year.
Last month’s purchases and issuances came to $35.543 billion, modestly more than $35.493 billion in May and $35.030 billion in June 2017.
Full first-half secondary activity amounted to $183.170 billion — putting Freddie on pace to see a 15 percent decline in annual purchases and issuances.
The 90-day rate of single-family delinquency was 0.82 percent — the lowest it’s been since it was 0.81 percent in April 30, 2008. The improvement in loan performance reflects the strong economy and a recovery from last year’s devastating hurricanes (just in time for this year’s season).
Serious mortgage delinquency was
0.87 percent as of May 31 and 0.85 percent as of June 30, 2017.
Multifamily delinquency of at least 60 days was 0.01 percent — unchanged for two months and the same as a year previous.
