Freddie Mac Takes on More Loans, More Delinquencies in December

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Posted To: MND NewsWire

Freddie Mac reported today that its total mortgage portfolio increased at an annualized rate of 9.0 percent in December. The portfolio balance at the end of the period was $2.098 trillion compared to $2.092 trillion at the end of November and $2.011 trillion at the end of December 2016. Purchases and Issuances totaled $46.359 billion, bringing the 2017 total to $428.786 billion, Sales were ($3.388) billion and Liquidations ($27.400) billion in December and totaled ($36.202) and ($306.369) billion respectively for the year. The annualized growth rate for 2017 through the end of December was 4.3 percent and the liquidations rate for the entire year was (15.2) percent. Single-family refinance-loan purchase and guarantee volume was $13.7 billion, representing 44 percent of total single-family mortgage…(read more)

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