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Freddie Mac Releases Monthly Volume Survey

by devteam March 28th, 2012 | Share

Freddie Mac’s total mortgage portfolio</bcontinued to shrink in January and February, contracting at an annual rate ofrn4.8 percent in January and 3.3 percent in February for an annual 2012 rate ofrn4.0 Percent.  At the end of February therntotal value of the portfolio was 2.061 trillion compared to 2.075 trillion atrnthe end of 2011.</p

The company purchased $592 million inrnmortgages for its Mortgage Related Investment Portfolio compared to purchasesrnof $8.92 billion in January.  In Februaryrnit sold $5.50 billion and liquidated $9.8 billion of those assets for an endingrnbalance of $627.82 billion.  This balancernconsisted of $206.1 billion in PCV, REMICs and Other Structured Securities andrn$421.72 billion in non-Freddie Mac mortgage related securities including $31.05rnbillion in Agency Securities, $139.78 billion in Non-Agency Securities, andrn$250.89 billion in mortgage loans.</p

The overall delinquency rate in the portfoliornwas 3.57 percent in February, down from 3.59 percent in January and 3.78rnpercent one year earlier.  The rate forrnnon-credit enhanced mortgages was 2.84 percent and for non-credit enhanced therndelinquency rate was 8.20 percent.  Multi-familyrndelinquencies were unchanged from January at 0.21 percent.  One year ago this rate of 0.36 percent.  The agency accomplished 4,644 loanrnmodifications in February and 9,369 thus far in 2012.

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About the Author

devteam

Steven A Feinberg (@CPAsteve) of Appletree Business Services LLC, is a PASBA member accountant located in Londonderry, New Hampshire.

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