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Freddie Mac's Growth Slowed, Delinquencies Spiked in May

Friday, July 10, 2020   /   by Erik Bjorklund

Freddie Mac's Growth Slowed, Delinquencies Spiked in May

Freddie Mac reported this week that its total mortgage portfolio increased
at an annualized rate of 5.5 percent in May compared to a 14.3 percent gain in April.
The portfolio balance at the end of the period was $2.407 trillion compared to
$2.396 trillion at the end of April and $2.230 trillion a year earlier. The
growth rate for the year to date is 7.8 percent. Purchases and Issuances totaled $78,329 billion and Sales were ($2.799) billion.
The April numbers were $80,879 billion and ($0.770) billion, respectively. Single-family refinance loan purchase and guarantee volume was $54.500
billion in May compared to $52.100 billion in April
and representing a 76
percent share of total single-family mortgage portfolio purchases and issuances
compared to 69 percent the previous month.


 

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