Freddie Mac's single-family delinquency rate on its total portfolio of owned or guaranteed loans rose to 71 basis points in January, up from 65 bps in December and from 43 bps a year earlier. However, Freddie Mac also noted in its monthly business summary that the percentage of loans that were 60 or more days past due declined to 1 bp. That was down from 2 bps in December and 6 bps one year earlier. Freddie Mac said its total portfolio of owned or guaranteed loans increased at an annualized rate of 8.4% in February. The company purchased $47.7 billion of home loans in February, up slightly from the volume recorded in February 2007. The government-sponsored enterprise can be found on the Web at http://www.freddiemac.com.
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