Posted To: MND NewsWire

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. Purchases in Freddie Mac’s Mortgage Related Investments…(read more)

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Source: Mortgage News Daily