Freddie Mac acquired $32.3 billion of mortgages from its seller/servicers during September, up 16% on a sequential basis, and its best purchase month since February, according to new figures released by the GSE.
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In August and September, refinancings comprised 60% of all purchases, Freddie reported.
During the month the GSE also issued $26.5 billion of mortgage-backed securities, a slight gain from August.
During the first nine months of 2011 Freddie issued $235.4 billion of MBS, a 12% decline from the same period last year.
Meanwhile, its serious delinquency rate (90 days or more past due) on single-family loans ticked up 2 basis points to 3.51% in September. In June, the serious delinquency rate was 3.5%.
