Daily Newsletter: Freddie Mac Purchased $1.3 Trillion in Loans Last Year

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 13.1 percent in December compared to a 12.0 percent gain in November. The portfolio balance at the end of the period was $3.246 trillion compared to $3.211 trillion the prior month and $2.784 trillion a year earlier. Purchases and Issuances dipped to $94.089 billion from $94.635 billion the prior month and Sales were ($1.467) billion compared to ($503) billion. Over the course of the year Freddie Mac purchased $1.299 trillion in loans. Single-family refinance loan purchase and guarantee volume was $48.4 billion in December compared to $52.7 billion in November, representing a 58 percent share of total single-family mortgage portfolio purchases and issuances, down from 60 percent in November. Purchases in Freddie Mac’s Mortgage Related Investments Portfolio totaled $59.468 billion for the month compared to $58.028 billion during the prior period. Liquidations were ($1.194) billion and ($1.109) billion for December and November, respectively and Sales for the two periods were ($53.373) and ($63.350) billion. The ending balance in the portfolio was $111011 billion, compared to $106.110 billion in November and $182.184 billion in December 2020. The annualized growth of the Mortgage Related Investments portfolio was 55.4 percent compared to a loss of (68.6) percent in November and a (67.0) loss a year earlier

January 28, 2022 Housing News Freddie Mac Purchased $1.3 Trillion in Loans Last Year Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 13.1 percent in December compared to a 12.0 percent gain in November. The portfolio balance at the end of the period was $3.246 trillion compare... (read more) Housing News Growing Purchase Share Driving Increased Mortgage Fraud CoreLogic reports it saw the incidence of mortgage fraud soar 37 percent last year. The fraud risk had declined through most of 2019 and 2020 but is now back near pre-pandemic levels. Molly Boesel, CoreLogic’s principal economist, said the in... (read more) Rob Chrisman Jumbo Lending News; Podcast Interview with Milo CEO on Crypto Mortgages; Cap. Mkts Digest Rate Hike News Think you won’t be impacted by anti-U.S. sentiment in Russia? Think again. The Cybersecurity and Infrastructure Security Agency (CISA) issued two alerts to all U.S. companies addressing risks from Russian sponsored cyber threats and highlighted that ... (read more) Mortgage Rates Is The Fed Going to Kill The Mortgage and Housing Markets? January has been a month marked by the market's adjustment to a shift in the Fed policy outlook. This began right at the outset and resulted in higher rates and lower stock prices. Why? Last week's commentary goes into great detail on the matter. Revisit it HERE. This week merely served to confirm what we already knew , namely t... (read more) 30 Yr. Fixed Rate 3.69% -0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 3.69% -0.02 0.40 15 Yr. Fixed 2.97% +0.02 0.40 30 Yr. FHA 3.38% +0.03 0.00 30 Yr. Jumbo 3.35% +0.02 0.00 5/1 ARM 3.65% +0.03 0.50 Updates Daily - Last Update: 1/28 15 Yr. Fixed Rate 2.97% +0.02% Rate Change Points Freddie Mac 30 Yr. Fixed 3.55% -0.01 0.70 15 Yr. Fixed 2.80% +0.01 0.60 5/1 Yr. ARM 2.70% +0.10 0.20 Updates Weekly - Last Update: 1/27 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 3.72% +0.08 0.43 15 Yr. Fixed 3.00% +0.05 0.39 30 Yr. Jumbo 3.56% +0.02 0.38 Updates Weekly - Last Update: 1/26 MBS / Treasuries MBS Live Recap: What do we Make of Today's Bond Bounce? What do we Make of Today's Bond Bounce? After a big sell-off in response to yesterday's Fed announcement, bonds rallied back today. The gains were slow and steady at first, but the pace quickened at 9:30am (a popular time of day for increased momentum in bonds, even though it's the NYSE open). Data was ov... (read more) UMBS 30YR 3.0 102.22 +0.22 Price / Yield Change MBS UMBS 3.0 102.22 +0.22 UMBS 3.5 104.09 -0.03 GNMA 3.0 102.31 +0.27 GNMA 3.5 103.47 +0.22 Pricing as of: 1/28 5:21PM EST 10 Year US Treasury 1.7730 -0.0300 Price / Yield Change US Treasury 2 YR Treasury 1.164 -0.024 5 YR Treasury 1.614 -0.047 7 YR Treasury 1.741 -0.034 10 YR Treasury 1.773 -0.030 30 YR Treasury 2.077 -0.015 Pricing as of: 1/28 5:21PM EST Latest Video The 9am Bond Report - January 28, 2022 January consumer sentiment misses expectations The 2pm Bond Report - January 28, 2022 December core PCE prices rise 4.9%, biggest gain since September 1983 Around the Web CNBC Key Fed inflation gauge rises 4.9% from a year ago, fastest gain since 1983 nar.realtor Pending Home Sales Fall 3.8% in December 2021 Calculated Risk Blog Real House Prices, Price-to-Rent Ratio and Price-to-Median Income in November The Basis Point U.S. Economy Grows 6.9% In 2021, Strongest GDP Year in Decades Redfin Housing Market Update: Hottest January on Record Despite 1st Pending-Sales Decline Since June 2020 Calculated Risk Blog NMHC: January Apartment Market Survey shows "Strong Demand, Record-High Occupancy, Double Digit Rent Growth" Reuters Fed guidance on rates following liftoff may remain foggy Redfin Sales, Supply Surge For the Most Affordable U.S. Homes as Mortgage Forbearance Ends Calculated Risk Blog Personal Income increased 0.3% in December; Spending decreased 0.6% Calculated Risk Blog A Few Comments on Q4 GDP and Investment CNBC 10-year Treasury yield holds above 1.82% ahead of key inflation gauge Calculated Risk Blog Weekly Initial Unemployment Claims Decrease to 260,000 CNBC GDP grew at a 6.9% pace to close out 2021, stronger than expected despite omicron spread

© 2022 Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: newsletter@newslettercollector.com. Go here to UNSUBSCRIBE from this email.