May 18, 2021

MP Now News

Mortgage News

Refinance Loans Continue to Dominate Freddie Mac’s Volume

Freddie Mac reported this week that it is The entire mortgage portfolio was increased
at an annual rate of 27.2 percent in March compared with an increase of 17.7 percent in February. The portfolio balance at the end of the period was $ 2.927 trillion, compared to $ 2.882 trillion the previous month and $ 2.404 trillion last year.

Total purchases and issues totaled $ 142.465 billion and revenue was $ (0.785) billion. The February numbers were $ 114.682 billion and $ (0.460) billion, respectively.

Single family refinancing Loan purchases and guarantees were $ 103.3 billion in March, compared to $ 85.0 billion in February. This corresponds to a share of 76 percent of the entire mortgage portfolio for single-family homes Purchases and emissions up from 77 percent in the previous month.

Purchases in Freddie Mac’s mortgage-related portfolio were $ 114.725 billion for the month, compared to $ 89.841 billion in the prior period. Liquidations were $ (1.475) billion and $ (1.447) billion, respectively, in March and February, and revenue for the two periods was ($ 103.806) and $ (95.755) billion, respectively. The portfolio’s closing balance was $ 174.456 billion, compared to $ 165.012 billion in February and $ 211.197 billion in March 2020.

The mortgage-related portfolio increased 68.7 percent on an annualized basis from a decline of 51.2 percent in the previous month and 53.4 percent in March 2020.

The closing balance of the mortgage-related portfolio of $ 174.456 billion was comprised of $ 58.626 billion in agency securities, mortgage loans worth $ 114.451 billion and non-agency securities worth $ 1.379 billion. Mortgage-related securities and other guarantee obligations rose 22.7 percent on an annualized basis in February, compared with 17.8 percent in January.

Freddie Mac’s single family home The crime rate fell from 2.52 percent in February to 2.34 percent in February. The multi-family crime rate rose 3 basis points to 0.17 percent.

Freddie Mac said the measure of exposure to changes in portfolio value averaged $ 66 million in March, compared to $ 103 million in February. The maximum exposure to Fannie Mae-issued collateral included in Freddie Mac-issued restructurings was approximately $ 93.7 billion, compared to $ 91.4 billion in January.