Freddie Mac Portfolio Growth at 8 Year High

first_img Freddie Mac’s Monthly Volume Summary, which provides performance data related to its mortgage portfolios, risk management, delinquencies, debt activities, the issuance of any securities, and any other investments, has been released for December.The data gives 10 percent as the annualized growth rate of the mortgage portfolio for December, which is a 6.5 percent increase from November’s annualized growth rate and the highest rate of any month last year. In fact, December’s increase is the highest monthly growth rate that has been seen since March of 2009, when the portfolio grew at an impressive monthly rate of 21 percent.The month with the second highest level of growth in 2016 was August at 8.2 percent, while the month with the lowest rate of growth was April, when the portfolio contracted by 1.2 percent.The overall growth rate of the portfolio for the entire year was 3.6 percent.The summary notes that the single-family refinance-loan purchase and guarantee volume was $23.3 billion in December, which makes up 60 percent of Freddie Mac’s total single-family mortgage portfolio purchases and issuances. Relief refinancing made up approximately 4 percent of the total single-family refinance volume.The single-family delinquent rate on mortgages backed by Freddie Mac decreased from 1.03 percent in November to 1.00 percent in December.The total number of loan modifications completed on Freddie Mac-backed loans came in at 3,672 for December and 43,191 for the entire year.The overall net increase for the year came in at $69,827 for an ending balance of $2,011,414.Click here to view the complete monthly volume summary. January 27, 2017 540 Views GSE Mortgage Portfolio 2017-01-27 Timothy McNally Sharecenter_img Freddie Mac Portfolio Growth at 8 Year High in Daily Dose, Featured, Government, Newslast_img read more

Kevin Kolb has now been the starting quarterback f

first_imgKevin Kolb has now been the starting quarterback for the Cardinals exactly one time in the 2012 season and in that start, he led his team to an improbable 20-18 win over the New England Patriots. With the win, Arizona is undefeated but Kolb knows they have a long way to go. “The most important thing is that we’re 2-0 and we’re in good position right now. But like we said this morning, it’s like a marathon, there’s a big group of us right now,” Kolb said Monday. D-backs president Derrick Hall: Franchise ‘still focused on Arizona’ Cardinals expect improving Murphy to contribute right away Top Stories 0 Comments   Share   center_img The Cardinals know it’s all about how you finish the season, not how you start. Arizona has won nine of their last 11 dating back to 2011, which is why Kolb wasn’t jumping up and down about the 2-0 start.“It’s who can outlast this thing and not get too high or low throughout the beginning of the season and then week 10 or 12, then see where you’re at,” he said.The Cardinals will face another undefeated team in the Philadelphia Eagles at University of Phoenix Stadium Sunday. What an MLB source said about the D-backs’ trade haul for Greinke Nevada officials reach out to D-backs on potential relocationlast_img read more