Posted To: MND NewsWire

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 20.0 percent in July compared to a 14.2 percent gain in June. The portfolio balance at the end of the period was $2.476 trillion compared to $2.436 trillion the prior month and $2.251 trillion a year earlier. The growth rate for the year to date is 10.7 percent. Purchases and Issuances totaled $116.383 billion and Sales were ($3.803) billion. The June numbers were $94.331 billion and ($1.880) billion, respectively. Single-family refinance loan purchase and guarantee volume was $77.700 billion in July compared to $65.500 billion in June and representing a 72 percent share of total single-family mortgage portfolio purchases and issuances compared to 78 percent the previous month. Purchases in Freddie…(read more)

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Source: Mortgage News Daily