Posted To: MND NewsWire

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 22.4 percent in December compared to a 29.5 percent gain in November. The portfolio balance at the end of the period was $2.740 trillion compared to $2.689 trillion the prior month and $2.301 trillion a year earlier. The growth rate for 2020 was 17.6 percent, up from 6.8 percent for all of 2019. Purchases and Issuances totaled $129.639 billion and Sales were ($1.330) billion. The November numbers were $155.291 billion and ($4.080) billion, respectively. Single-family refinance loan purchase and guarantee volume was $77.6 billion in December compared to $107.3 billion in November, representing a 70 percent share of total single-family mortgage portfolio purchases and issuances compared to 74 percent…(read more)

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Source: Mortgage News Daily