New business at the Federal Home Loan Mortgage Corp. skidded to the slowest level in seven months. But serious delinquency established a new post-crisis low.
With just $25.310 billion in purchases and issuances during January, new business at Freddie Mac was at its lowest level since June 2014, when volume came in at $24.604 billion.
In the final month of last year, secondary activity was $31.917 billion, while the total was less at $20.298 billion in the first month of last year.
Freddie closed out last month with a $1.9088 trillion total mortgage portfolio,
down from $1.9101 trillion at the end of last year and $1.9116 trillion at the same point last year.
The McLean, Va.-based company’s portfolio included
$1.5014 trillion in outstanding mortgage-related securities and other guarantee commitments. The other component of the portfolio was an $0.4074 trillion investment portfolio.
Moving on to loan performance, Freddie Mac residential loans had a 90-day delinquency rate of 1.86 percent as of Jan. 31, 2015.
Serious delinquency has not been this low since
it was 1.72 percent in December 2008.
The rate was
1.88 percent on Dec. 31, 2014, and 2.34 percent at the end of January 2014.
At 0.03 percent, multifamily 60-day delinquency was 1 basis point better than a month earlier. Twelve months earlier, the rate was 0.05 percent.
