Tuesday, residential mortgages and mortgage-related securities purchaser Freddie Mac (FRE) increased its total mortgage portfolio at an annualized rate of 0.7% in October.
Freddie Mac's refinance-loan purchase and guarantee volume was $18 billion in October, down from $21.4 billion in September. The aggregate unpaid principal balance or UPB of its mortgage-related investments portfolio was $770.1 billion as on October 31, 2009, down from $784.2 billion as on September 30, 2009.
Mortgage-related investments portfolio mortgage purchase agreements entered into this October totaled $1.7 billion, down from the $4.6 billion entered into this September. Total guaranteed PCs and Structured Securities issued increased at an annualized rate of 1.1% in October.
Company's single-family portfolio delinquency rate rose to 3.54% in October, up 21 basis points from September. Multifamily delinquency rate was 0.12% in October. Measure of exposure to changes in portfolio market value averaged $472 million in October.
FRE is currently trading at $1.12, down $0.03 or 3.02% on the NYSE.
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