Freddie Mac's total mortgage portfolio decreased at an annualized rate of 5.2% in October, according to new data released by the government-sponsored enterprise, which saw $24.1 billion in single-family refinance-loan purchase and guarantee volume that reflected 72% of its total mortgage portfolio purchases and issuances.
Freddie Mac recorded 6,571 loan modifications last month and 96,697 for the 10 months ended Oct. 31. The aggregate unpaid principal balance (UPB) of its mortgage-related investments portfolio decreased by approximately $10 billion in October.
Freddie Mac's mortgage-related securities and other guarantee commitments decreased at an annualized rate of 6.6% in October, while its single-family seriously delinquent rate increased from 3.51% in September to 3.54% in October. Its multifamily delinquency rate decreased from 0.33% in September to 0.31% in October, and its measure of exposure to changes in portfolio market value averaged $259 million in October.