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Investments

Freddie Mac monthly purchases drop by nearly half

Freddie Mac bought $33.6 billion worth of mortgages and mortgage-related securities in December, down almost 50% from $62.5 billion purchases in November.

The government-sponsored enterprise saw its mortgage portfolio decrease at an annualized rate of roughly 13% in December, according to its monthly volume summary report. The ongoing reduction shows Freddie Mac gradually decreasing its presence in the mortgage finance space, which is in line with housing officials goal to shrink the GSEs' share of the mortgage finance market.

Click on the chart to view Freddie Mac’s total mortgage portfolio.

 

The agency modified 6,288 loans in December, compared to 6,622 loans in November. The total number of loans modified for the twelve months ending in December accounted for 69,581.

The unpaid principal balance of Freddie’s mortgage-related investment portfolio decreased by $5.6 billion in December. 

Freddie Mac’s mortgage-related securities and other guarantee commitments decreased at an annualized rate of 12.6%, compared to an increase of 7.7% in November. 

The seriously delinquent single-family loan rate remained flat at 3.25%, while the multifamily delinquency rate decreased from 0.24% in November to 0.19% in December.

The measure of the agency's exposure to changes in portfolio market value averaged $363 million, with a duration gap average of zero months. 

cmlynski@housingwire.com

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