Freddie Mac's Portfolio Grew in March, Delinquency Rates Decline

by devteam April 25th, 2013 | Share

Freddie Mac reported this morning thatrnits Total Mortgage Portfolio increased by 4.0 percent in March to an endingrnbalance of $1.95 trillion.  The increasernfollowed three straight months in which the portfolio declined.  Purchases totaled $52.0 billion compared torn$42.86 billion in February; liquidations were (44.85) billion compared torn($48.96) and sales were ($617) million, compared to ($559) million.   The year to date growth in that portfolio isrn(1.6) percent and the annualized liquidation rate is 29.6 percent.</p

The Mortgage-Related InvestmentsrnPortfolio declined from an unpaid principal balance of $542.7 billion inrnFebruary to $534.2 billion in March, a change of (19.0) percent.  Purchases totaled $13.57 billion compared to $13.94rnbillion in February.  Liquidations wererndown slightly from ($10.58) billion the month before to ($10.10) billion andrnsales increased from ($10.67) billion to ($12.01) billion.  Year to date purchases total $42.58 billion,rnliquidations ($31.61) billion, and sales ($34.37) billion for an annual growthrnyear-to-date of (16.8) percent.</p

The Mortgage-Related InvestmentsrnPortfolio consists of $178.66 billion of PCs REMICs and other structuredrnsecurities, $21.48 billion in Agency Securities, $121.50 billion Non-Agency Securities,rnand $212.51 billion in mortgage loans.</p

The overall delinquency rate in Freddie Mac’srnportfolios was 3.03 percent in March compared to 3.15 percent in February.  The Non-credit enhanced rate was 2.49 percentrndown from 2.56 percent and the credit enhanced portion of the portfolio had arnrate of 6.74 percent compared to 7.04 percent the previous month.  Multi-family delinquencies were unchanged atrn0.16 percent.

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About the Author


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

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