Skip to main content

Freddie Mac’s Mortgage Portfolio Expands Again, Team Thayer Real Estate News

May's expansion marked the eighth time in the last nine months the portfolio has expanded. The only month in that time frame the portfolio did not grow was in January, when it contracted at an annualized rate of 0.8 percent. Year-to-date for the first five months of 2015, the portfolio has expanded at an average annualized rate of 1.2 percent.
The balance of Freddie Mac's total mortgage portfolio has grown from $1.898 trillion up to $1.919 trillion since August 2014. Though the portfolio has seen expansion in eight of the last nine months, May was only the 16th time in the last 65 months that the portfolio has expanded dating back to January 2010.
The number of homeowners who received permanent loan modifications totaled 5,490 for May, a slight increase from 5,306 in April. With 25,417 modifications to date in 2015, Freddie Mac is averaging 5,083 modifications per month. An average of 5,596 permanent loan mods were completed monthly in 2014.
The serious delinquency rate on single-family loans backed by Freddie Mac dipped by another eight basis points from April to May, down to 1.58 percent. It is the lowest serious delinquency rate for Freddie Mac since November 2008, at the onset of the crisis, when 1.52 percent was reported. The serious delinquency rate on Freddie Mac-backed loans for May was less than half of the national average of 3.6 percent reported by CoreLogic in April.
"This is good news, meaning that fewer and fewer homeowners with mortgages backed by Freddie Mac are 90-days past due on their mortgage payments or in foreclosure," Freddie Mac wrote on its blog.
Single-family refinance loan purchase and guarantee volume totaled $20.1 billion in May, a slight drop from the $21.3 billion that was reported in April. The percentage of single-family refinance loan purchase and guarantee volume that comprised the total single-family mortgage portfolio fell by 5 percentage points from April to May, from 66 percent down to 61 percent. The percentage of Freddie Mac's total single-family refinance volume in May that was comprised of relief refinance mortgages also remained unchanged month-over-month at 10 percent.
Freddie Mac reported that the aggregate unpaid principal balance (UPB) of the Enterprise's mortgage-related investments portfolio declined by about $9.8 billion in May. Meanwhile, Freddie Mac's mortgage-related securities and other guarantee commitments saw an annualized rate increase of about 6.5 percent in May.
Labels:
Location: Eugene, OR, USA

Popular posts from this blog

UFC 227 play-by-play and live results #UFC #MMA #UFC227

LOS ANGELES – MMAjunkie is on scene and reporting live from today’s UFC 227 event, and you can join us for live play-by-play and official results beginning at 6:30 p.m. ET (3:30 p.m. PT). The event takes place at Staples Center in Los Angeles. The main card airs on pay-per-view following preliminary-card bouts on FX and UFC Fight Pass. In the main event, bantamweight champion T.J. Dillashaw (15-3 MMA, 11-3 UFC) rematches former champ and ex-teammate Cody Garbrandt (11-1 MMA, 6-1 UFC) for the title. In the co-feature, flyweight champion Demetrious Johnson (27-2-1 MMA, 15-1-1 UFC) has a rematch with Olympic gold medalist and former title challenger Henry Cejudo (12-2 MMA, 6-2 UFC). Follow along with our round-by-round updates and official results beginning at approximately 6:30 p.m. ET for the UFC Fight Pass prelims, 8 p.m. ET for the prelims on FX, and 10 p.m. ET for the main card on pay-per-view. To discuss the show, be sure to check out our  UFC 227 discussion thread...
Read more

First-Time Home Buyer Mortgage Risk Edge Up Team Thayer Real Estate news.

The first-time buyer share in April, May, and June was launched to new highs, supported by improvements in the labor market, riskier mortgage lending, and continuing low mortgage rates. The  American Enterprise Institute (AEI)  International Center on Housing Risk  recently released a  report , finding that first-time buyers account for 58.8 percent of primary owner-occupied home purchase mortgages with a government guarantee, up from 57.2 percent the prior June, according to the Agency First-Time Buyer Mortgage Share Index (FBMSI). The Combined FBMSI, which measures the share of first-time buyers for both government-guaranteed and private-sector mortgages reached an estimated 52.9 percent, up from 51.6 percent the prior June, according to the report. In addition, AEI determined that the Agency First-Time Buyer Mortgage Risk Index (FBMRI) stood at a series record of 15.83 percent, and increase of half of a percentage point from the average over the prio...
Read more

Understanding the tax advantages and disadvantages of homeownership #realestate #taxadvantage #taxes #housing #market

It’s no secret that some of the major perks of homeownership are the tax write-offs and advantages that follow the purchase. In fact, according to a 2015 survey by the National Association of Realtors, 80% of homebuyers see homeownership as a good investment, and 43% think it’s better than investing in the stock market. Reaping the rewards of mortgage interest and property tax deductions is just one way to think of your home as an investment. But there are even more real estate–related tax advantages and disadvantages that can slip under a new homeowner’s radar. It can be relatively easy to trigger tax liabilities or perks (and then fail to claim them) on that new piece of  Eugene, Or, real estate . This is why it’s essential to touch base with your tax pro before every real estate transaction, no matter how minor a question you may have. Sometimes planning and timing make a major difference in the financial impact of a real estate–related tax; other times, ...
Read more