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Freddie Mac Delinquencies Jump for Second Month

Thursday, August 27, 2020

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 20.0 percent in July compared to a 14.2 percent gain in June. The portfolio balance at the end of the period was $2.476 trillion compared to $2.436 trillion the prior month and $2.251 trillion a year earlier. The growth rate for the year to date is 10.7 percent. Purchases and Issuances totaled $116.383 billion and Sales were ($3.803) billion. The June numbers were $94.331 billion and ($1.880) billion, respectively. Single-family refinance loan purchase and guarantee volume was $77.700 billion in July compared to $65.500 billion in June and representing a 72 percent share of total single-family mortgage portfolio purchases and issuances compared to 78 percent the previous month.

 

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