Posted To: MND NewsWire

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 14.2 percent in June compared to a 5.5 percent gain in May. The portfolio balance at the end of the period was $2.46 trillion compared to $2.407 trillion at the end of May and $2.239 trillion a year earlier. The growth rate for the year to date is 9.0 percent. Purchases and Issuances totaled $94.331 billion and Sales were ($1.880) billion. The May numbers were $78.329 billion and ($2.799) billion, respectively. Single-family refinance loan purchase and guarantee volume was $65.500 billion in June compared to $54.500 billion in May and representing a 78 percent share of total single-family mortgage portfolio purchases and issuances compared to 76 percent the previous month. Purchases in Freddie…(read more)

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Source: Mortgage News Daily