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Current DateTime: 09:04:44 04 Nov 2009
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Current DateTime: 09:04:44 04 Nov 2009
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Loan Delinquencies Increase For Freddie Mac
Published: Friday, 23 Oct 2009 | 9:06 AM ET
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By: Reuters

Freddie Mac said on Friday its mortgage investment portfolio grew by an annualized 7.3 percent rate in September, while delinquencies on loans it guarantees accelerated.
CNBC.com

The portfolio increased to $784.2 billion, for an annualized 3.4 percent decrease year to date, the McLean, Virginia-based company [FRE  Loading...      ()   ] said in its monthly volume summary.

The portfolio size increased on a year-over-year basis. In September 2008, the portfolio was $736.9 billion.

Delinquencies, which increase stress on the company's capital, jumped to 3.33 percent of its book of business in September from 3.13 percent in August and 1.22 percent in September 2008.

The multifamily delinquency rate accelerated slightly in September to 0.11 percent from 0.10 percent in August. A year earlier it was 0.01 percent.

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