Freddie’s Business at 11-Month High

New business at the Federal Home Loan Mortgage Corp. was the most it’s been in 11 months, while delinquency fell to the lowest level in nearly eight years.

The McLean, Virginia-based secondary mortgage lender had 4 percent more in purchases and issuances during June than it did as of one month previous.

That was the biggest month for the government-sponsored enterprise since July 2015 based on historical data that is maintained by Mortgage Daily.

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From:: Financing