Single-family Freddie homes delinquincies on the rise

By Kyle Chezum Updated on 9/25/2013

In November, mortgages held by Freddie Mac edged up in delinquencies from 3.54% to 3.57% from last month according to the GSE.

However, the delinquency rate for multifamily homes fell to 0.28% from October's level of 0.31% and Freddie's entire mortgage portfolio dipped to an annualized rate of 6.9% for November. Compared to a year ago, the single-family delinquency rate was 3.85% and multifamily was 0.34%, a significant drop since then.

Freddie Mac had 6,886 completed loan modifications for November, 315 more than last months level and 421 more than September's number.

The single-family guarantee volume reached $27 billion for November, comprising 71% of the GSE's entire portfolio, October had a single-family guarentee volume of $24.1 billion.

Furthermore, the balance of unpaid mortgage principal in Freddie Mac's mortgage-related investment portfolio lowered by $5.8 billion for November.