Freddie's Loan Portfolio on Pace to Increase by 14.3 Percent This Year

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 14.3 percent in April, up from a 9.2 percent gain in March and the largest rate since December. The portfolio balance at the end of the period was $2.396 trillion compared to $2.368 trillion at the end of March and $2.216 trillion a year earlier. The growth rate for the year to date is 8.4 percent. Purchases and Issuances totaled $88,879 billion and Sales were ($0.770) billion. The March numbers were $58,830 billion and ($3,165) billion, respectively. Single-family refinance loan purchase and guarantee volume was $52.100 billion in April compared to $33.300 billion in March and representing a 69 percent share of total single-family mortgage portfolio purchases and issuances compared to 63 percent...(read more)

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