Posted To: MND NewsWire

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 15.2 percent in December, a substantial change from the 0.4 percent gain in November. The portfolio balance at the end of the period was $2.33 trillion compared to $2.302 trillion at the end of November and $2.182 trillion a year earlier. The growth rate for all of 2019 was 6.8 percent. Purchases and Issuances totaled $65.80 billion and Sales were ($780) billion. The November numbers were $55.45 billion and ($5.63) billion respectively. Single-family refinance loan purchase and guarantee volume was $30.5 billion in December compared to $26.8 billion in November and representing a 56 percent share of total single-family mortgage portfolio purchases and issuances compared to 59 percent the previous…(read more)

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Source: Mortgage News Daily