Freddie Mac's total mortgage portfolio decreased at an annualized rate of 2.5% in June, according to monthly volume data released by the government-sponsored enterprise (GSE).
Freddie Mac's total single-family purchases and guarantee volume in June includes an increase of $8 billion in Home Affordable Refinance Program loans. The GSE's single-family refinance-loan purchase and guarantee volume was $31 billion in June, representing 70% of total mortgage portfolio purchases and issuances.
Furthermore, Freddie Mac reports 6,597 loan modifications in June and 28,819 for the six months ending June 30. The GSE's single-family seriously delinquent rate decreased from 3.5% in May to 3.45% in June, while its multifamily delinquency rate increased from 0.26% in May to 0.27% in June.
