The delinquency rate on Freddie Mac guaranteed mortgages fell to 3.96% in June, the lowest reading since November of last year.
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Delinquency readings on its credit- and non-credit enhanced portfolio also showed improvement, according to the GSE's new monthly performance statement.
Meanwhile, Freddie purchased $30.9 billion of mortgages during June, a 24% improvement from May, but a 52% decline from the same month in 2009.
At June 30, its retained portfolio totaled $740 billion, a 1% decline from May.
A ward of the government since September 2008, Freddie continues to lose money. It expects to release its 2Q results sometime in August.
The GSE reported 21,367 loan modifications for the month, and 93,568 since January.
