Freddie Mac’s Mortgage Portfolio Increases 0.6 Percent In April


Freddie Mac reports that its mortgage portfolio increased at an annualized rate of 0.6% in April.

In its Monthly Volume Summary, the GSE says its single-family refinance-loan purchase and guarantee volume was $35.8 billion last month, representing 76% of total mortgage portfolio purchases or issuances.

Relief refinance mortgages made up about 33% of total refinance volume, based on unpaid principal balance. The company modified a total of 6,068 loans in April – and modified a total of 26,681 loans during the four-month period ended April 30.

The aggregate unpaid principal balance of Freddie Mac's mortgage-related investments portfolio decreased by approximately $5.9 billion in April, while mortgage-related securities and other guarantee commitments increased at an annualized rate of 4.1%.

The single-family seriously delinquent rate decreased from 3.03% in March to 2.91% in April, while the multifamily delinquency rate decreased from 0.16% to 0.09%.

Exposure to changes in portfolio market value averaged $355 million in April, Freddie Mac reports.

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