Secondary marketing activity accelerated to the highest level in five months at the Federal Home Loan Mortgage Corp. as delinquency fell to the lowest level in nearly a decade.
The balance of the secondary lender’s total mortgage portfolio concluded the first half of this year at $2.0409 trillion, growing from $2.0332 trillion the prior month.
McLean, Virginia-based Freddie Mac provided those details, along with other operational results, in its Monthly Volume Summary: June 2017.
As of
mid-2016, the portfolio was $1.9608 trillion.
Last month’s total consisted of
an $0.2837 trillion investment portfolio and $1.7570 trillion in outstanding mortgage-related securities and other guarantees.
June 2017’s purchases and issuances came to $35.030 billion, the best month since January. Volume was $28.570 billion the preceding month and $37.196 billion in June 2016.
Full first-half purchases and issuances totaled
$190.121 billion.
As of June 30, 2017, single-family delinquency of at least 90 days was 0.85 percent —
the best rate since it was 0.81 percent as of April 30, 2008. Serious mortgage delinquency was 0.87 percent as of May 31, 2017, and 1.08 percent as of June 30, 2016.
Sixty-day delinquency on multifamily loans was 0.01 percent as of last month, the same as a month earlier and down from 0.02 percent a year earlier.
