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Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 17.7 percent in February compared to a 16.1 percent gain in January. The portfolio balance at the end of the period was $2.818 trillion compared to $2.777 trillion the prior month and $2.350 trillion a year earlier. Purchases and Issuances totaled $116.362 billion, and Sales were ($1.174) billion. The January numbers were $120.128 billion and ($.588) billion, respectively. Single-family refinance loan purchase and guarantee volume was $85.0 billion in February compared to $84.56 billion in January, representing a 77 percent share of total single-family mortgage portfolio purchases and issuances, up from 73 percent the previous month. Purchases in Freddie Mac's Mortgage Related Investments Portfolio
Housing News
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Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 17.7 percent in February compared to a 16.1 percent gain in January. The portfolio balance at the end of the period was $2.818 trillion compared to $2... (read more)
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Housing News
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The age of the U.S. housing stock is, to a certain extent, a reflection of the decline in new home construction since the onset of the housing crisis. However, Na Zhao, in a blog post in the National Association of Home Builders' (NAHB's) Eye on Hous... (read more)
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Rob Chrisman
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Today's audio version of the commentary is always available. (This week’s, sponsored by The STRATMOR Group, has a short interview with me today on how people in the residential lending business continue to learn, and about events and conference... (read more)
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MBS Commentary
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New Week, New Weakness
The new week wasted very little time in reinforcing the realities of 2021. This is a rising rate environment until further notice and any rapid correction toward lower rates will ... (read more)
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Mortgage Rate Watch
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The biggest story for the mortgage and housing market so far in 2021 has been the big spike in mortgage rates. It has been more abrupt and covered more ground than all but the worst historical examples. That said, it was always going to happen when t... (read more)
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Housing News
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For the moment at least, the number of loans in forbearance are heading downhill and picking up speed. Black Knight says the number of active plans declined by 135,000 over the past month (-5 percent), 19,000 (-0.7 percent) occurred in the last week ... (read more)
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