For the month of February, the percentage of single-family homes that were three or more months behind in payments fell to 3.57%, the first time since August 2011 that the month-to-month change has fallen. In February 2011 the delinquency rate was 3.78%.
The delinquency rate for multi-family mortgages was flat with January at 0.21%.
Year to date, Freddie’s total mortgage portfolio is down -4% to $2.061 trillion. In February 2011 the agency’s portfolio totaled $2.152 trillion. The agency’s mortgage portfolio shrunk by -6.3% in 2011 and is down -23.4% so far in 2012.
Freddie Mac was taken over by the federal government in September 2008 and has been operating ever since as a conservatorship.
The mortgage volume study is available here.
Cash Back Credit Cards Have Never Been This Good
Credit card companies are at war, handing out free rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.