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Business Falls to 6-Month Low at Freddie

New business at the Federal Home Loan Mortgage Corp. retreated to its lowest level in six months. Delinquency, meanwhile, remained at its lowest level in a decade.

When September was over, Freddie Mac’s total mortgage portfolio stood at $2.1513 trillion — including a $0.2278 trillion in mortgage investments and $1.9235 trillion in outstanding mortgage-related securities and other guarantees.

The McLean, Virginia-based company revealed the metrics in its Monthly Volume Summary, which indicated that the book of business had expanded from $2.1472 trillion a month earlier and $2.0568 trillion a year earlier.


Source: Mortgage Daily