Delinquencies Still Double Pre-Pandemic Rate

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 15.7 percent in October compared to a 17.4 percent gain in September. The portfolio balance at the end of the period was $ 3.179 trillion compared to $ 3.137 trillion the prior month and $ 2.669 trillion a year earlier. Purchases and Issuances totaled $ 109.333 billion, and Sales were ($ 855) billion. The September numbers were $ 112.333 billion, and ($ 498) billion, respectively. Single-family refinance loan purchase and guarantee volume was $ 59.1 billion in October compared to $ 59.8 billion in September, representing a 60 percent share of total single-family mortgage portfolio purchases and issuances, up from 58 percent in both August and September.

 

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MND NewsWire

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