Freddie Mac’s Monthly Volume Summary [1], which provides performance data related to its mortgage portfolios, risk management, delinquencies, debt activities, the issuance of any securities, and any other investments, has been released for December.
The data gives 10 percent as the annualized growth rate of the mortgage portfolio for December, which is a 6.5 percent increase from November’s annualized growth rate and the highest rate of any month last year. In fact, December’s increase is the highest monthly growth rate that has been seen since March of 2009, when the portfolio grew at an impressive monthly rate of 21 percent.
The month with the second highest level of growth in 2016 was August at 8.2 percent, while the month with the lowest rate of growth was April, when the portfolio contracted by 1.2 percent.
The overall growth rate of the portfolio for the entire year was 3.6 percent.
The summary notes that the single-family refinance-loan purchase and guarantee volume was $23.3 billion in December, which makes up 60 percent of Freddie Mac’s total single-family mortgage portfolio purchases and issuances. Relief refinancing made up approximately 4 percent of the total single-family refinance volume.
The single-family delinquent rate on mortgages backed by Freddie Mac decreased from 1.03 percent in November to 1.00 percent in December.
The total number of loan modifications completed on Freddie Mac-backed loans came in at 3,672 for December and 43,191 for the entire year.
The overall net increase for the year came in at $69,827 for an ending balance of $2,011,414.
Click here [2] to view the complete monthly volume summary.