Posted To: MND NewsWire

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 0.4 percent in November, down from 3.0 percent the previous month. The portfolio balance at the end of the period was $2.302 trillion compared to $2.301 trillion at the end of October and $2.170 trillion a year earlier. Purchases and Issuances totaled $55.446 billion and Sales were ($5.629) billion. The October numbers were $51.13billion and ($1.578) billion respectively. Single-family refinance loan purchase and guarantee volume was $26.8 billion in October, down from $26.9 billion in October and representing a 59 percent share of total single-family mortgage portfolio purchases and issuances compared to 57 percent the previous month. Purchases in Freddie Mac’s Mortgage Related Investments Portfolio…(read more)

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Source: Mortgage News Daily