It’s been a year since secondary activity was this low at the Federal Home Loan Mortgage Corp. Delinquency, meanwhile, fell to a new post-crisis low.
Purchase and issuances during February at Freddie Mac came to $29.032 — the slowest month since February 2016, when the total was $26.034 billion.
The McLean, Virginia-based company disclosed the metrics, along with other operational results, in its Monthly Volume Summary: February 2017.
Source: Mortgage Daily
