Freddie Mac's total mortgage portfolio
ended August with a principal balance of $1.93 trillion. This represented a 5.0 percent reduction from
the outstanding balance of $1.94 trillion at the end of July. Purchases for that portfolio totaled $35.96
billion while Sales were ($3.87) billion, and Liquidations ($40.27)
billion. The annualized growth in the
Total Mortgage Portfolio for the year-to-date is (1.7) percent and the
Annualized Liquidations rate is (28.0) percent.
The Total mortgage portfolio is the sum of Freddie Mac's mortgage-related securities and other guarantee commitments plus the sum of mortgage
loans and non-Freddie Mac mortgage-related securities,
both agency and non-agency.
The Mortgage-Related Investments
Portfolio had an ending balance of $511.94 billion compared to $521.25 billion
in July, a decrease of $9.3 billion and an annualized growth rate of (21.4)
percent. This was the first drop in the
portfolio balance since May. Purchases totaled
$17.84 billion, Sales were ($16.52 billion and Liquidations were ($10.55)
As of August 31, 2013, Freddie Mac had net unsettled purchase (sale) agreements of approximately $2,461 million.
The ending balance of the mortgage-related investments portfolio as of August 31, 2013 after giving effect to these unsettled
agreements and assuming
there were no other agreements
entered into after that date would have been
mortgage-related securities and other guarantee commitments increased at an
annualized rate of 2.3 percent to an ending balance of $1.61 trillion.
At the end
of August the components making up the $511.94 billion Mortgage-Related
Investment Portfolio broke down as: $190.82
in PCs, REMICs and other structured securities; $20.70 billion in non-Freddie
Mac Agency Securities and $106.87 billion in non-Freddie Mac non-Agency
Securities; $193.55 billion in Mortgage Loans.
refinance loan purchases and guarantee volume was $20.8 billion during the
month, representing 63 percent of total single-family purchases or
issuances. Relief refinances were
approximately 33 percent of the companies refinance business.
total delinquency rate fell to 2.64 percent in August from 2.70 in July and
3.36 percent one year earlier.
Delinquencies of non-credit enhanced loans were at a rate of 2.25
percent, up one basis point from July but down from the 2.70 percent rate a
year earlier. The credit enhanced portfolio
had a rate of 5.34 percent, compared to 5.90 percent and 7.64 percent in the
earlier period. The multifamily delinquency
rate was .05 percent.