Connect with us

Hi, what are you looking for?

The American GeniusThe American Genius

Economic News

Freddie Mac’s Portfolio Increases 0.7% in October

Freddie Mac’s portfolio changes

freddie mac portfolioToday, Freddie Mac reported its total portfolio increased at an annualized rate of 0.7 percent in October compared to 0.8 percent in September.  The total value of the portfolio decreased by 21.6% to $770.1 billion from $765 billion last year.

Freddie Mac purchased $9.19 billion in mortgages during the month, and the net amount of mortgage-related investment portfolio mortgage purchases was $1.66 billion, down from the $4.6 billion in purchases in September.

Mortgage lender Dan Green said, “Over the last 18 months, both Freddie Mac and Fannie Mae have been losing market to the FHA. However, all three are nationalized entities.  As taxpayers, therefore, we shouldn’t care so much about portfolio sizes as much as portfolio quality. The bad news here is the quality of Freddie Mac’s existing loans is worsening. Delinquencies are up month-over-month. However, 2009 vintage isn’t performing as poorly as prior years so that’s reason to be optimistic. ”

Advertisement. Scroll to continue reading.

Lani is the COO and News Director at The American Genius, has co-authored a book, co-founded BASHH, Austin Digital Jobs, Remote Digital Jobs, and is a seasoned business writer and editorialist with a penchant for the irreverent.


Leave a Reply

Your email address will not be published.

American Genius
news neatly in your inbox

Subscribe to our mailing list for news sent straight to your email inbox.



Business Finance

Another large spike in the consumer price index isn't good news for the economy, and the context of the data is more complicated this...

Business Finance

With a second consecutive quarter of declining GDP data, we are officially in a recession - are we?

Business News

(BUSINESS NEWS) Heads up! Your beloved adult beverage of choice may be getting pricier now that COVID inflation abounds.

Business Finance

(BUSINESS FINANCE) India is potentially planning to ban cryptocurrency — and instead, they're planning to introduce their own version of it for purchase.

The American Genius is a strong news voice in the entrepreneur and tech world, offering meaningful, concise insight into emerging technologies, the digital economy, best practices, and a shifting business culture. We refuse to publish fluff, and our readers rely on us for inspiring action. Copyright © 2005-2022, The American Genius, LLC.