Freddie Mac Delinquencies Top 3% In August

More than 3% of Freddie Mac's single-family home loans were delinquent in August, the company says in its monthly volume report. The total delinquency rate for single-family homes – 3.13% – compares to a 1.11% rate for August 2008.

Multifamily delinquencies dropped slightly, from 0.11% in July to 0.10% in August.

Freddie's total mortgage portfolio, meanwhile, increased at an annualized rate of 3.7% during the month. Refinance-loan purchase volume grew from $34.1 billion July to $35.6 billion in August.

The aggregate unpaid principal balance (UPB) of the company's mortgage-related investments portfolio decreased during the month to $779.4 billion. In July, Freddie's UPB stood at approximately $799.1 billion.

SOURCE: Freddie Mac


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