Freddie Mac's Total Loan Portfolio now has an outstanding
balance of $1.94 trillion dollars. The
balance at the end of July represents a reduction of $2.78 billion or 1.7
percent from the end-of-June total of $1.95 trillion. Purchases and issuances for the portfolio totaled
$42.25 billion, and sales were 2.18 billion.
The year to date reduction of the portfolio is $13.81 billion or an
annual growth rate of -1.2 percent.
The balance of the Mortgage-Related Investments Portfolio at
the end of July was $521.25 billion compared to $521.22 billion at the end of
June, an increase of 0.1 percent. Purchases
totaled $20.33 billion, sales $9.87 billion, and liquidations $10.43 billion. The annualized growth rate was -11.2 percent.
Within the $521 billion balance of the Mortgage-Related
Investment Portfolio were $186.86 billion in PCs, REMICs and other Securities;
$20.48 billion in Non-Freddie Agency Securities; and $111.46 billion in Non-Freddie
Mac Non-Agency Securities.
Multifamily new business volume in July was $2.5
billion. The total for the seven months
of 2013 to date is $16.0 billion.
The delinquency rate for Freddie Mac's portfolio at the end
of July was 2.7 percent, down 9 basis points from the previous week and 72
basis points from one year earlier.
Non-credit enhanced loans had a delinquency rate of 2.24 percent
compared to 2.31 percent in June and 2.75 percent a year earlier. The credit enhanced portfolio had a rate of
5.90 percent, down from 6.12 percent and 7.75 percent in the two respective
earlier periods. The multi-family delinquency
rate was 0.06 percent.
Freddie Mac said it completed 6,254 loan modifications in
July. This bring the year-to-date number
of modifications to 46,244.