Residential loan delinquency again turned lower at the Federal Home Loan Mortgage Corp., this time to the lowest level in nearly a decade.
The month-end balance of the
secondary lender’s total mortgage portfolio was $2.0332 trillion as of May, according to its Monthly Volume Summary: May 2017.
McLean, Virginia-based Freddie Mac grew its portfolio from $2.0301 trillion
one month earlier and $1.9577 trillion twelve months earlier.
Last month’s balance consisted of
an $0.2826 trillion investment portfolio and $1.7506 trillion in outstanding mortgage-related securities and other guarantees.
Freddie generated $28.570 billion in purchases and issuances during May 2017. Business was about the same as the $28.314 billion in volume the
preceding month. From Jan. 1, 2017, through May 31, purchases and issuances amounted to $155.091 billion.
Monthly secondary activity slid, though, from May 2016’s $35.684 billion in purchases and issuances.
Ninety-day single-family delinquency fell 5 basis points from April 31, 2017, to 0.87 percent —
the lowest rate since it was 0.86 percent in May 2008. As of May 31, 2016, serious mortgage delinquency stood at 1.11 percent.
Multifamily delinquency of at least 60 days tumbled to 0.01 percent from 0.03 percent and was also lower than 0.02 percent at the same point last year.
