Freddie Records Jump in Loan Purchases in January

Published March 08, 2013, 10:23 a.m. EST

Updated March 08, 2013, 11:05 a.m. EST

1 Min Read

Freddie Mac purchased $43 billion in mortgage loans and securities in January, up 38% from the month prior, the secondary market agency reported.

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During January, $34.5 billion of the loans purchased were refinancings.

Freddie Mac also issued $43.4 billion in mortgage securities in January, compared to $30 billion in December.

Fannie Mae also reported a jump in loan purchases and MBS issuance in January.

The serious delinquency rate on Freddie’s guaranteed single-family mortgage portfolio slipped five basis points from December to January.

The percentage of single-family loans that are 90 days or more past due fell to 3.2% in January. A year ago, Freddie’s serious delinquency rate was 3.59%.

Brian Collins

Reporter

Brian Collins covers the housing and mortgage market, including the Federal Housing Administration and the Department of Housing and Urban... Read full bio

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