Freddie Mac-No Politics (FMCC)

[navycmdr]

Freddie Mac mortgage portfolio rises at 1.9% annual rate to $3.52 Trillion in July

Aug. 26, 2024 4:50 PM ET

By: Max Gottlich, SA News Editor



--- Freddie Mac's (OTCQB:FMCC) total mortgage portfolio advanced in July at an annualized rate of 1.9% to $3.52T, the company said on Monday, slightly accelerating from June's 1.5% increase.

--- Since the start of the year, its mortgage portfolio has grown at a 1.7% annualized rate.

--- Single-family refinance-loan purchase and guarantee volume stood at $3.4B in July, representing 12% of total single-family mortgage portfolio purchases and issuances.

--- Single-family delinquency rate ticked up to 0.51% from 0.50% in the previous month, while the multifamily delinquency rate of 0.39% inched up from 0.38% in June.

--- As of July, our maximum exposure to Fannie Mae-issued collateral that was included in Freddie Mac-issued resecuritizations was approximately $107.1B.