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Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 8.6 percent in May compared to a 13.2 percent gain in April. The portfolio balance at the end of the period was $2.980 trillion compared to $2.959 trillion the prior month and $2.448 trillion a year earlier. Purchases and Issuances totaled $91.739 billion, and Sales were ($1.292) billion. The April numbers were $121.668 billion, and ($1.761) billion, respectively. Single-family refinance loan purchase and guarantee volume was $57.1 billion in May compared to $82.9 billion in April, representing a 66 percent share of total single-family mortgage portfolio purchases and issuances, down from 72 percent the previous month. Purchases in Freddie Mac's Mortgage Related Investments Portfolio totaled
Housing News
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Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 8.6 percent in May compared to a 13.2 percent gain in April. The portfolio balance at the end of the period was $2.980 trillion compared to $2.959 tri... (read more)
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Rob Chrisman
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Seattle will hit 110 degrees F today. Change is afoot. Last week changes of personnel within the CFPB and the FHFA (hence Fannie & Freddie) captured our industry’s attention since they may lead to eventual changes in their footprint or poli... (read more)
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Housing News
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The White House has announced another key appointee to a federal housing post. Julia Gordon has been named Assistant Secretary for Housing at the Department of Housing and Urban Development (HUD). This position also serves as commissioner of the Fede... (read more)
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