Freddie Mac's total mortgage portfolio decreased at an annualized rate of 2.9% in March, according to new data released by the government-sponsored enterprise. Single-family refinance-loan purchase and guarantee volume was $34.9 billion in March, representing 83% of Freddie Mac's total mortgage portfolio purchases and issuances.
Freddie Mac recorded 4,308 loan modifications in March, bringing the first quarter total for loan modifications to 13,677. Freddie Mac's single-family seriously delinquent rate decreased from 3.57% in February to 3.51% in March, while its multifamily delinquency rate increased from 0.21% in February to 0.23% in March.
The aggregate unpaid principal balance (UPB) of Freddie Mac's mortgage-related investments portfolio decreased by approximately $9.5 billion in March, while its mortgage-related securities and other guarantee commitments increased at an annualized rate of 0.2%.