Bank of America: 'We provide all required MSR documents'

Bank of America: 'We provide all required MSR documents'

Responds to Ginnie Mae MSR transfer block

17% of homes with a mortgage seriously underwater

Share of underwaters continues slow decline

Here are 5 bold mortgage predictions from KBW

Q1 mortgage volume predicted to be $20 billion lower
W S
Investments / The Ticker

Freddie Mac mortgage portfolio swells

Total mortgage purchases and issuances at Freddie Mac reached $48.4 billion in June while the enterprise also liquidated $41.8 billion of loans, causing its mortgage portfolio to increase at an annualized rate of 0.5%, according to its monthly volume summary report.

Single-family refinance-loan purchase and guarantee volumes reached $33.4 billion in June, representing 69% of the GSE’s total mortgage portfolio purchases of issuances.

Additionally, relief refinance mortgages comprised 30% of the enterprise’s total refinance volume during the month based on unpaid principal balance, down from May.

Freddie Mac modified 7,044 loans in June and 39,890 in the first six months of the year.

The unpaid principal balance of the agency’s mortgage-related investment portfolio increased by $3.3 billion.

Meanwhile, mortgage-related securities and other guarantee commitments increased at an annualized rate of 5.6% in June.

Seriously delinquent single-family mortgages shrunk from 2.85% in May to 2.79% in June. The multifamily delinquency rate rose from 0.08% in May to 0.09% in June.

The measure of the GSE’s exposure in the portfolio market value averaged $286 million in June, Freddie added.

Recent Articles by HousingWire Staff

Comments powered by Disqus