HousingWire reports Freddie Mac’s seriously-delinquent mortgage rate inched up 0.03 percent in October over Sept. to 3.54 percent. Meanwhile, the multi-family delinquency rate dropped to 0.31 percent from Sept.’s 0.33 percent. The overall mortgage portfolio at the government-sponsored enterprise (GSE) fell at an annualized rate of 5.22 percent last month. Representing 72% of the GSE’s total mortgage portfolio purchases and issuances, single-family refinance, loan purchase and guarantee volume reached $24.1 billion in October. Freddie Mac modified 105 more loans in October over September, hitting 6,571, bringing this year’s total to 96,697.
(Graphic image: Freddie Mac)