New Post-Crisis Low for Freddie’s Delinquency

The rate of serious mortgage delinquency at the Federal Home Loan Mortgage Corp. has fallen to the lowest level in nearly a decade.

As of the end of August, the McLean, Virginia-based secondary lender’s total mortgage portfolio amounted to $2.0534 trillion.

Freddie Mac’s book of business grew from a month earlier, when it stood at $2.0439 trillion. It was also up from a year earlier, when it was $1.9795 trillion.

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From:: Financing