Posted To: MND NewsWireFreddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 2.3 percent in September. The portfolio balance at the end of the period was $2.151 trillion compared to $2.147 trillion at the end of August and $2.057 trillion a year earlier. Purchases and Issuances totaled $31.296 billion, bringing the 2018 year-to-date total to $286.6 billion, Sales were ($1.474) billion and Liquidations ($25.739) billion in September and totaled ($16.916) and ($215.003) billion respectively so far this year. The annualized growth rate for 2018 through the end of September was 3.4 percent and the annualized liquidations rate was (13.7) percent. Single-family refinance -loan purchase and guarantee volume was $6.5 billion in September compared to $6.9 billion the prior month…(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Michael Ayoub, Author NMLS ID 6631