Freddie Mac increased mortgage purchases in October
Freddie Mac purchased or securitized $50 billion worth of mortgage loans in October, up from $39 billion in September and $33 billion a year earlier.
The government-sponsored enterprise noted in its October volume summary report that its mortgage securities and guarantee commitments increased at an annualized rate of 0.3% in October.
The GSE's single-family refinance loan purchase and guarantee volume hit $37.2 billion in October, representing 74% of total mortgage portfolio purchases and issuances.
The number of loan modifications completed during the same month reached 6,988, compared to 6,269 mortgages in September.
Total modifications for the 10-month period ending in October hit 56,671.