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Freddie's Loan Volume is Up, Delinquency Rate Begins to Retreat
Tuesday, October 27, 2020
Freddie Mac reported this week that its total mortgage portfolio increased
at an annualized rate of 17.5 percent in September compared to a 27.7 percent
gain in August. The portfolio balance at the end of the period was $2.570
trillion compared to $2.533 trillion the prior month and $2.295 trillion a year
earlier. The growth rate for the year to date is 13.7 percent. Purchases and Issuances totaled $114.386 billion and Sales were ($3.064)
billion. The August numbers were $131.140 billion and ($898) billion, respectively. Single-family refinance loan purchase and guarantee volume was $70.9 billion
in September compared to $87.200 billion
in August, representing a 69 percent share of total single-family mortgage
portfolio purchases and issuances compared to 70 percent the previous month.
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