Single-family delinquencies were down last month, according to data released by Freddie Mac
Mortgage delinquencies were down slightly in April, according to new data released by Freddie Mac.
The seriously delinquent rate for single-family homes decreased from 2.20% in March to 2.15% in April, according to Freddie Mac’s monthly volume summary. Multifamily delinquency was up slightly, moving from 0.4% in March to 0.5% in April.
Freddie’s total mortgage portfolio decreased at an annualized rate of 3% in April. Single-family refinance-loan purchase and guarantee volume in April was $8.8 billion, representing 47% of Freddie’s total single-family mortgage portfolio. Relief refinance mortgages made up about 28% of the portfolio.
The total number of loan modifications reported by Freddie Mac in the month of April was 6,435, bringing the four-month total to 25,063.
Freddie’s mortgage-related securities and other guarantee commitments increased at an annualized rate of 1.6% last month.
The seriously delinquent rate for single-family homes decreased from 2.20% in March to 2.15% in April, according to Freddie Mac’s monthly volume summary. Multifamily delinquency was up slightly, moving from 0.4% in March to 0.5% in April.
Freddie’s total mortgage portfolio decreased at an annualized rate of 3% in April. Single-family refinance-loan purchase and guarantee volume in April was $8.8 billion, representing 47% of Freddie’s total single-family mortgage portfolio. Relief refinance mortgages made up about 28% of the portfolio.
The total number of loan modifications reported by Freddie Mac in the month of April was 6,435, bringing the four-month total to 25,063.
Freddie’s mortgage-related securities and other guarantee commitments increased at an annualized rate of 1.6% last month.
