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.
Mortgage delinquencies were down slightly in April, according to new data released by Freddie Mac.