Freddie Mac: Portfolio is Growing

Posted To: MND NewsWire

Freddie Mac reported today that its total mortgage portfolio increased at an annualized rate of 1.8 percent in July. The portfolio balance at the end of the period was $2.044 trillion compared to $2.041 trillion at the end of June and $1.966 trillion at the end of July 2016. Purchases and Issuances totaled $32.561 billion, Sales ($1.516 billion) and Liquidations ($28.003) billion. The annualized growth rate for 2017 through the end of July was 2.8 percent and the liquidations rate was (15.1) percent. Single-family refinance-loan purchase and guarantee volume was $8.8 billion, representing 32 percent of total mortgage portfolio purchases or issuances. Relief refinance mortgages comprised approximately 6 percent of the total refinance volume in July based on unpaid principal balance. The Mortgage...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Mortgage News Daily http://ift.tt/2xuZzUz