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Mortgage News Daily combines the expertise of some of the housing industry's leading minds with the power of social media to offer an always lively, constantly evolving web community. MND communicates breaking news, streams video, and provides expert opinion and commentary to a community of interested market professionals and curious consumers.Freddie Mac's Portfolio Shrinks in May. Delinquency Rate Flat
Freddie Mac's total mortgage portfolio shrunk by $7.53
billion or 4.0 percent during the month of May, resuming the decline that began
in January.
Despite a 3 percent upward
blip in April, the portfolio has dropped 2.9 percent since the first of the
year and now has a total balance of $2.22 trillion. The total portfolio, however, is still 18.2
percent larger than it was in May 2009.
The annualized liquidation rate in May was 17.8 percent compared to 19.2
percent in April.
The refinance-loan purchase and guarantee volume in the Mortgage-Related
Investments Portfolio was 17.1 billion, down from 18.4 billion in May. The Investments Portfolio declined in value
to 748.1 billion, a decrease of $9.2 billion or 14.5 percent from April and 2.3
percent since May 2009. The breakdown of that portfolio in May compared to April
2010 and May 2009, expressed in $millions, was:
[Image or graph removed from email. View full article with images]
The delinquency rate among single family based mortgages was
unchanged from April at 4.06 percent.
This is the third month in a row there has been no increase in the total
delinquency rate, however delinquencies are still running much higher than one
year ago when the rate was 2.73 percent. Delinquencies represented 3.15 percent of the
non-credit enhanced portfolio, also unchanged from last month, while the rate
in the credit-enhanced portion of the portfolio ticked up one basis point to 8.69
percent. Multi-family delinquencies
increased from 0.25 percent in April to 0.32 percent.
The
measure of Freddie Mac's exposure to changes in portfolio market value averaged
$455 million in May with a duration gap that averaged 0 months. These measures
include the impact of purchases and sales of derivative instruments used to
limit exposure to changes in interest rates.
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YOUR MESSAGE HERE
Freddie Mac's Portfolio Shrinks in May. Delinquency Rate Flat
Freddie Mac's total mortgage portfolio shrunk by $7.53
billion or 4.0 percent during the month of May, resuming the decline that began
in January.
Despite a 3 percent upward
blip in April, the portfolio has dropped 2.9 percent since the first of the
year and now has a total balance of $2.22 trillion. The total portfolio, however, is still 18.2
percent larger than it was in May 2009.
The annualized liquidation rate in May was 17.8 percent compared to 19.2
percent in April.
The refinance-loan purchase and guarantee volume in the Mortgage-Related
Investments Portfolio was 17.1 billion, down from 18.4 billion in May. The Investments Portfolio declined in value
to 748.1 billion, a decrease of $9.2 billion or 14.5 percent from April and 2.3
percent since May 2009. The breakdown of that portfolio in May compared to April
2010 and May 2009, expressed in $millions, was:
The delinquency rate among single family based mortgages was
unchanged from April at 4.06 percent.
This is the third month in a row there has been no increase in the total
delinquency rate, however delinquencies are still running much higher than one
year ago when the rate was 2.73 percent. Delinquencies represented 3.15 percent of the
non-credit enhanced portfolio, also unchanged from last month, while the rate
in the credit-enhanced portion of the portfolio ticked up one basis point to 8.69
percent. Multi-family delinquencies
increased from 0.25 percent in April to 0.32 percent.
The
measure of Freddie Mac's exposure to changes in portfolio market value averaged
$455 million in May with a duration gap that averaged 0 months. These measures
include the impact of purchases and sales of derivative instruments used to
limit exposure to changes in interest rates.
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