Fannie Mae-No Politics (FNMA)

[navycmdr]

Booom ! - $Freddie Mac June mortgage portfolio growth passes May, is strongest of the year so far

Jul. 25, 2023 5:06 PM ET

Federal Home Loan Mortgage Corporation (FMCC)By: Anuron Mitra, SA News Editor


Government-sponsored mortgage finance agency Freddie Mac (OTCQB:FMCC) on Tuesday said its total mortgage portfolio increased at an annualized rate of 4.0% in June, bettering May's performance to become its strongest month of 2023 so far.

FMCC's ending balance as of June was $3.44T, up from $3.43T at the end of May.
The 4.0% annualized growth rate for June compares to a 3.9% rate in the same month in 2022.

The aggregate unpaid principal balance of FMCC's mortgage-related investments portfolio increased by ~$1.5B in June.
For June, FMCC reported $38.83B of purchases or issuances, $139M of sales and $27.38B of liquidations. In June 2022, the company reported purchases or issuances of $47.29B, $295M of sales and $36.07B of liquidations.

FMCC's single-family delinquency rate decreased to 0.56% in June from 0.58% in May. Multifamily delinquency rate increased to 0.21% in June from 0.20% in May.

The measure of Freddie Mac's (OTCQB:FMCC) exposure to changes in portfolio value averaged $0M in June and the duration gap averaged 0 months.