Freddie Mac's total mortgage portfolio decreased at an annualized rate of 4.8% in January, according to new data released by the government-sponsored enterprise (GSE).
Freddie Mac's single-family refinance-loan purchase and guarantee volume was $28 billion in January, representing 81% of total mortgage portfolio purchases and issuances. The GSE's total number of loan modifications for the month ended Jan. 31 was 4,725, and its single-family seriously delinquent rate increased from 3.58% in December to 3.59% in January. However, its multifamily delinquency rate decreased from 0.22% in December to 0.21% in January.
Freddie Mac's aggregate unpaid principal balance of its mortgage-related investments portfolio decreased by approximately $10.8 billion in January. Its mortgage-related securities and other guarantee commitments decreased at an annualized rate of 6.4% in January.