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Freddie Mac's Volume Increased in June, Delinquencies Skyrocketed

Wednesday, July 29, 2020

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 14.2 percent in June compared to a 5.5 percent gain in May. The portfolio balance at the end of the period was $2.46 trillion compared to $2.407 trillion at the end of May and $2.239 trillion a year earlier. The growth rate for the year to date is 9.0 percent. Purchases and Issuances totaled $94.331 billion and Sales were ($1.880) billion. The May numbers were $78.329 billion and ($2.799) billion, respectively. Single-family refinance loan purchase and guarantee volume was $65.500 billion in June compared to $54.500 billion in May and representing a 78 percent share of total single-family mortgage portfolio purchases and issuances compared to 76 percent the previous month.

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