Single-family serious mortgage delinquency dipped to the lowest level in more than a decade at the Federal Home Loan Mortgage Corp. New business declined, however.

As of July 31, the ending balance of Freddie Mac’s total mortgage portfolio was $2.1365 trillion, according to the secondary lender’s Monthly Volume Summary: July 2018.

A month earlier, the McLean, Virginia-based organization’s book of business was $2.1302 trillion, while the balance was $2.0439 trillion as of a year earlier.

Source: Mortgage Daily