Freddie Mac Reports Single-Family Delinquency Rate Falls
For the month of February, the percentage of single-family homes that were three or more months behind in payments fell to 3.57%, the first time since August 2011 that the month-to-month change has fallen. In February 2011 the delinquency rate…
The delinquency rate for multi-family mortgages was flat with January at 0.21%.
Year to date, Freddie’s total mortgage portfolio is down -4% to $2.061 trillion. In February 2011 the agency’s portfolio totaled $2.152 trillion. The agency’s mortgage portfolio shrunk by -6.3% in 2011 and is down -23.4% so far in 2012.
Freddie Mac was taken over by the federal government in September 2008 and has been operating ever since as a conservatorship.
The mortgage volume study is available here.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
