While monthly new business deteriorated at the Federal Home Loan Mortgage Corp., serious delinquency again declined to a new 7-year low.
Purchases and issuances during the month of April came to $30.478 billion at the secondary lender.
Business slipped from one month earlier, when secondary volume worked out to $31.776 billion.
Activity also abated from the same month last year, when there were $36.480 billion in purchases and issuances.
The McLean, Virginia-based company reported the metrics,
in addition to other operational data, in its Monthly Volume Summary: April 2016.
During the four months ended April 30, 2016, purchases and issuances amounted to $117.253 billion.
The government-controlled enterprise reported a total mortgage portfolio of $1.9535 trillion as of the end of last month.
The total was trimmed from $1.9554 trillion as of March 31, 2016, but grew from $1.9160 trillion as of April 30, 2015.
The most-recent total was comprised of $1.6200 trillion in outstanding mortgage-related securities and guarantees and an $0.3335 trillion investment portfolio.
On the single-family portion of Freddie’s loans, 90-day delinquency was 1.15 percent —
the lowest rate since it was 1.11 percent in August 2008.
Serious residential delinquency was
1.20 percent a month earlier and 1.66 percent a year earlier.
On the multifamily portion of the portfolio, 60-day delinquency was unchanged for the third consecutive month at 0.04 percent.
As of April 30, 2015, multifamily delinquency stood at 0.03 percent.
