Freddie Mac Portfolio Up 6.1 Percent in August

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Posted To: MND NewsWire

Freddie Mac reported today that its total mortgage portfolio increased at an annualized rate of 6.1 percent in August. The portfolio balance at the end of the period was $2.147 trillion compared to $2.136 trillion at the end of July and $2.052 trillion a year earlier. Purchases and Issuances totaled $38.413 billion , bringing the 2018 year-to-date total to $254.304 billion, Sales were ($2.569) billion and Liquidations ($26.066) billion in August and totaled ($15.442) and ($189.264) billion respectively so far this year. The annualized growth rate for 2018 through the end of August was 3.5 percent and the annualized liquidations rate was (13.5) percent. Single-family refinance-loan purchase and guarantee volume was $6.9 billion in August compared to $6.4 billion the prior month. The refinance…(read more)

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