Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 13.2 percent in April compared to a 27.2 percent gain in March. The portfolio balance at the end of the period was $2.785 trillion compared to $2.927 trillion the prior month and $2.434 trillion a year earlier.

Purchases and Issuances totaled $121.668 billion, and Sales were ($1.761) billion. The March  numbers were $142.465 billion and ($.785) billion, respectively.

Single-family refinance loan purchase and guarantee volume was $82.9 billion in April compared to $103.3 billion in March, representing a 72 percent share of total single-family mortgage portfolio purchases and issuances, down from 76 percent the previous month.

Purchases in Freddie Mac's Mortgage Related Investments Portfolio totaled $86.081 billion for the month compared to $114.725 billion during the prior period. Liquidations were ($1.703) billion and ($1.475) billion for April and March, respectively and Sales for the two periods were ($115.710) and ($103.806) billion. The ending balance in the portfolio was $143.124 billion, compared to $174.456 billion in March and $203.443 billion in April 2020.

The annualized growth of the Mortgage Related Investments portfolio was (215.5) percent compared to growth of 68.7 percent in March and (44.1) percent a year earlier.

The $143.124 billion ending balance of the Mortgage Related Investments Portfolio was composed of $58.200 billion in Agency Securities, Mortgage Loans valued at $83.570 billion, and Non-Agency Securities at $1.355 billion. Mortgage related securities and other guarantee commitments increased at an annualized rate of 27.2 percent in April compared to 22.7 percent in March. 

Freddie Mac's single-family delinquency rate decreased from 2.34 percent in March to 2.15 percent in April. The multi-family delinquency rate increased 3 basis points to 0.20 percent.   

Freddie Mac said the measure of its exposure to changes in portfolio value averaged $13 million in April compared to $66 million in March. Maximum exposure to Fannie Mae-issued collateral that was included in Freddie Mac-issued resecuritizations was approximately $94.0 billion, up from $93.7 billion in March.