Delinquency at the Federal Home Loan Mortgage Corp. has fallen each month this year and now sits at a seven-month low. Secondary lending activity, meanwhile, moved higher for the third consecutive month.
The $2.1234 trillion total mortgage portfolio as of May 31 at Freddie Mac included an $0.2421 trillion investment portfolio and $1.8812 trillion in outstanding mortgage-related securities and other guarantees.
McLean, Virginia-based Freddie, which revealed the metrics and more in its Monthly Volume Summary: May 2018, said the total was $2.1123 trillion one month earlier and $2.0332 trillion one year earlier.
Source: Mortgage Daily