Freddie Mac's Portfolio Shrinks Again; Delinquencies Decline

Freddie Mac’s Total Loan Portfolio now has an outstandingrnbalance of $1.94 trillion dollars.  Thernbalance at the end of July represents a reduction of $2.78 billion or 1.7rnpercent from the end-of-June total of $1.95 trillion.  Purchases and issuances for the portfolio totaledrn$42.25 billion, and sales were 2.18 billion. rnThe year to date reduction of the portfolio is $13.81 billion or anrnannual growth rate of -1.2 percent.</p

The balance of the Mortgage-Related Investments Portfolio atrnthe end of July was $521.25 billion compared to $521.22 billion at the end ofrnJune, an increase of 0.1 percent.  Purchasesrntotaled $20.33 billion, sales $9.87 billion, and liquidations $10.43 billion.  The annualized growth rate was -11.2 percent.</p

Within the $521 billion balance of the Mortgage-RelatedrnInvestment Portfolio were $186.86 billion in PCs, REMICs and other Securities;rn$20.48 billion in Non-Freddie Agency Securities; and $111.46 billion in Non-FreddiernMac Non-Agency Securities.</p

Multifamily new business volume in July was $2.5rnbillion.  The total for the seven monthsrnof 2013 to date is $16.0 billion.</p

The delinquency rate for Freddie Mac’s portfolio at the endrnof July was 2.7 percent, down 9 basis points from the previous week and 72rnbasis points from one year earlier. rnNon-credit enhanced loans had a delinquency rate of 2.24 percent</bcompared to 2.31 percent in June and 2.75 percent a year earlier.  The credit enhanced portfolio had a rate ofrn5.90 percent, down from 6.12 percent and 7.75 percent in the two respectivernearlier periods.  The multi-family delinquencyrnrate was 0.06 percent.</p