Freddie Mac has released the company's Monthly Volume Summary for April 2011, providing information on the government-sponsored enterprises (GSEs) mortgage-related portfolios, securities issuance, risk management and delinquencies. The total mortgage portfolio decreased at an annualized rate of 3.2 percent in April, while single-family refinance loan purchase and guarantee volume was $16.6 billion in April, reflecting 70 percent of total mortgage purchases and issuances.
Freddie Mac also reported 11,349 total loan modifications in April 2011 and 46,507 for the first four months of 2011. The aggregate unpaid principal balance (UPB) of Freddie Mac's mortgage-related investments portfolio decreased by approximately $5.3 billion in April. Freddie Mac's mortgage-related securities and other guarantee commitments decreased at an annualized rate of 2.6 percent in April. The single-family seriously delinquent rate decreased to 3.57 percent in April, while the multifamily delinquency rate increased to 0.40 percent in April.