It has been more than three years since monthly business was as strong as it was last month at the Freddie Mac, while delinquency fell to a new eight-year low.
Purchases and issuances at the Federal Home Loan Mortgage Corp. were
$45.882 billion last month, according to its Monthly Volume Summary: August 2016.
Monthly volume at the McLean, Virginia-based organization has not been this high since June 2013, when secondary mortgage activity totaled $48.388 billion.
In July 2016, purchases and issuances came to $38.246 billion, while the amount was $32.683 billion in August 2015.
From Jan. 1, 2016, through Aug. 31, business amounted to $274.261 billion.
Freddie’s total mortgage portfolio
finished August 2016 at $1.9795 trillion, growing from $1.9660 trillion a month earlier and $1.9263 trillion a year earlier.
Last month’s total consisted of an $0.3122 trillion investment portfolio and $1.6673 trillion in outstanding mortgage-related securities and other mortgage-related guarantees.
Single-family loan delinquency of at least 90 days as of Aug. 31, 2016, was 1.03 percent — the lowest it’s been since it was 1.01 percent in July 2008.
Serious residential delinquency was 1.08 percent as of July 31, 2016, and 1.45 percent as of Aug. 31, 2015.
As of the most-recent date, multifamily delinquency of at least 60 days was 0.01 percent, down by half from 0.02 percent at the end of July and August 2015.
