Freddie Mac Reports Mortgage Portfolio Decrease

Freddie Mac Reports Mortgage Portfolio Decrease

Freddie Mac released its Monthly Volume Summary for January, 2014, noting their total mortgage portfolio decreased at an annualized rate of 1.9 percent in January. Despite a slight uptick in December, 2013, Freddie Mac’s ending balance has been declining since June, 2013.

The summary notes the unpaid principal balance (UPB) of mortgage-related investments decreased by approximately $7.1 billion in January.

Mortgage-related securities and other commitments increased at an annualized rate of one percent in January, down from the previous month’s growth rate of 2.3 percent.

Single-family refinance-loan purchase and guarantee volume was $10.5 billion in January, representing 55 percent of total single-family mortgage portfolio purchases or issuances.

Single-family loans saw a seriously delinquent rate decrease, from 2.39 percent in December to 2.34 percent in January. The multi-family delinquent rate decreased slightly from .09 percent in December to .05 percent in January

The report notes, “Relief refinance mortgages comprised approximately 34% of our total single-family refinance volume during January 2014 based on unpaid principal balance (UPB).”

Freddie Mac had 6,094 loan modifications for the month of January, 2014.

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