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Freddie Mac on Track For 25% More Loans This Year, Most of Them Refis
Wednesday, November 25, 2020
Freddie Mac reported this week that its total mortgage portfolio increased
at an annualized rate of 25.7 percent in October compared to a 17.5 percent
gain in September. The portfolio balance at the end of the period was $2.625
trillion compared to $2.579 trillion the prior month and $2.301 trillion a year
earlier. The growth rate for the year to date is 15.2 percent. Purchases and Issuances totaled $137.285 billion and Sales were ($1.706)
billion. The September numbers were $114.386 billion and ($3.064) billion,
respectively. Single-family refinance loan purchase and guarantee volume was $89.7 billion
in October compared to $70.9 billion in September,
representing a 71 percent share of total single-family mortgage portfolio
purchases and issuances compared to 69 percent the previous month.
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