Posted To: MND NewsWire

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 13.2 percent in April compared to a 27.2 percent gain in March. The portfolio balance at the end of the period was $2.785 trillion compared to $2.927 trillion the prior month and $2.434 trillion a year earlier. Purchases and Issuances totaled $121.668 billion, and Sales were ($1.761) billion. The March numbers were $142.465 billion and ($.785) billion, respectively. Single-family refinance loan purchase and guarantee volume was $82.9 billion in April compared to $103.3 billion in March , representing a 72 percent share of total single-family mortgage portfolio purchases and issuances, down from 76 percent the previous month. Purchases in Freddie Mac’s Mortgage Related Investments Portfolio totaled…(read more)

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Source: Mortgage News Daily