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Freddie Mac’s (OTCQB:FMCC) total mortgage portfolio declined at an annualized rate of 0.7% in January to $3.49T, marking the first negative print since April 2023, when the portfolio retreated 1.1%, the company said on Monday.
Single-family refinance-loan purchase and guarantee volume was $2.1B last month, representing 13% of total single-family mortgage portfolio purchases and issuances.
The aggregate unpaid balance of Freddie’s (OTCQB:FMCC) mortgage-related investments portfolio fell by about $0.7B in December.
Single-family delinquency remained unchanged at 0.55%. Its multifamily delinquency rate increased to 0.44% from 0.28% in December.
