Freddie Delinquency Rates Fall For First Time In Almost Three Years

Posted by Orb Staff on May 03, 2010 No Comments
Categories : Mortgage Servicing

Freddie Mac's single-family delinquency rate fell for the first time in nearly three years in March, sliding seven basis points from February to a rate of 4.13%. The company's multifamily delinquency rate dropped one basis point to 0.24% in March.

Freddie Mac's total mortgage portfolio decreased at an annualized rate of 9.1% in March, though its refinance-loan purchase and guarantee volume stood at $23.1 billion – up from $22.6 billion in February.

Increased buyouts of severely delinquent loans from mortgage-backed securities brought the aggregate unpaid principal balance (UPB) of the company's mortgage-related investments portfolio to $753.3 billion at the end March – up from $732.2 billion as of Feb. 28.

SOURCE: Freddie Mac

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