In its new monthly activity report, the secondary market agency said it purchased $18.1 billion of refinanced loans in July, a 5% decline from June.
Freddie issued $26.6 billion of mortgage-backed securities in July, down 9% from the prior month. In July 2009, the GSE issued $43 billion of MBS. (Its loan purchases and MBS issuance mirror activity in the primary market.)
The monthly report also shows that the serious delinquency rate on its guaranteed single-family mortgages fell once again, remaining below 4% for the second consecutive month.
Freddie said 3.89% of its single-family loans were 90-days or more past due in July, down 7 basis points from June.
