14.1 Percent Decrease in Freddie Mac Portfolio

By Liz Clinger Updated on 5/25/2012

According to GSE’s monthly report in April, 2012 Freddie Mac’s total portfolio decreased at an annualized rate of 14.1%, a large decline compared to March’s annualized rate reduction of 2.9%.

Loan modifications completed in April was 3,454 down from 4,308 in March. The continuous reduction of Freddie Mac’s portfolio is showing its decline in the mortgage finance space, which was a goal set towards the beginning of 2011 in a government white paper. 74% of Freddie Mac’s entire mortgage portfolio is single-family refinance loan purchase and guarantee volume, which arrived to $19.1 billion dollars in April.

In the first quarter of 2011, there were a total of 17,131 loan modifications across the nation.

The delinquency rate for single-family mortgage loans at Freddie Mac remained at 3.51% in April, while the delinquency rate for multi-family climbed to 0.25% from 0.23%.