Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 12.0 percent in November compared to a 15.7 percent gain in October. The portfolio balance at the end of the period was $3.211 trillion compared to $3.179 trillion the prior month and $2.734 trillion a year earlier. Purchases and Issuances plummeted to $94.635 billion from $109.333 billion the prior month and Sales were ($503) billion compared to ($855) billion.
Single-family refinance loan purchase and guarantee volume was $52.7 billion in November compared to $59.1 billion in October, representing a 60 percent share of total single-family mortgage portfolio purchases and issuances, unchanged from October.
Purchases in Freddie Mac's Mortgage Related Investments Portfolio totaled $58.028 billion for the month compared to $65.307 billion during the prior period. Liquidations were ($1.109) billion and ($1.262) billion for November and October, respectively and Sales for the two periods were ($63.350) and ($65.278) billion. The ending balance in the portfolio was $106.110 billion, compared to $112.541 billion in October and $192.951 billion in November 2020. The annualized growth of the Mortgage Related Investments portfolio was (68.6) percent compared to 13.0 percent in October and 9,3 percent a year earlier
The $106.110 billion ending balance of the Mortgage Related Investments Portfolio composed of $43.138 billion in Agency Securities, Mortgage Loans valued at $61.820 billion, and Non-Agency Securities at $1.152 billion. Mortgage related securities and other guarantee commitments increased at an annualized rate of 12.7 percent in November compared to 16.4 percent in October.
Freddie Mac's single-family delinquency rate decreased from 1.32 percent in October to 1.24 percent in November. It was at 2.75 percent in November 2020. The multi-family delinquency rate was down 1 basis point to 0.09 percent.
Freddie Mac said the mea1sure of its exposure to changes in portfolio value averaged $56 million in November compared to $51 million in October. Its maximum exposure to Fannie Mae-issued collateral included in Freddie Mac-issued resecurizations was approximately $108.8 billion.