Secondary volume climbed to the highest level in a year at the Federal Home Loan Mortgage Corp., while delinquency held at an eight-year low.
The McLean, Virginia-based company closed out July with a
total mortgage portfolio of $1.9660 trillion, growing from $1.9608 trillion a month earlier.
Freddie Mac has also expanded its total mortgage portfolio compared to the same point last year, when the balance came in at $1.9253 trillion.
The July 31, 2016, portfolio consisted of $1.6468 trillion in
outstanding mortgage-related securities and other guarantees and an $0.3193 trillion investment portfolio.
Freddie reported $38.246 billion in purchases and issuances for last month —  the best month since July 2015, when volume was $41.152 billion.
Purchases and issuances totaled
$37.196 billion in June 2016.
From Jan. 1 through July 31 of this year, purchases and issuances amounted to $228.379 billion.
As of the end of last month, single-family delinquency of at least 90 days was 1.08 percent, no different than at the end of June and the lowest rate since July 2008, when the rate was 1.01 percent.
Serious residential delinquency was 1.48 percent as of July 31, 2015.
The most-recent month’s multifamily 60-day delinquency rate was 0.02 percent, also unchanged from June. The multifamily past-due rate was 0.01 percent at the same point in 2015.
