As the Federal Home Loan Mortgage Corp. continued to increase the size of its book of business, the late-payment rate remained at a nearly 10-year low. New business slowed.

Freddie Mac managed a total mortgage portfolio that had a balance of $2.0439 trillion as of July 31, according to data provided in its Monthly Volume Summary: July 2017.

The McLean, Virginia-based firm’s book of business expanded from $2.0409 trillion one month earlier and $1.9660 trillion twelve months earlier.

Source: Mortgage Daily