Freddie Mac purchased $38.9 billion of home mortgages from its seller/servicers in February, a slight gain from January, according to figures released Friday.
Processing Content
Purchases rose 33% compared with February of 2010. So far, 2011 is not shaping up to be a strong year for originations or home purchases, but mortgage rates are near historical lows and have been falling slightly the past few weeks.
Freddie reported more improvement in delinquencies. Late payments on its single-family product fell to 3.78%, from 3.82% in January. A year earlier the rate was 4.2%. Its retained portfolio grew slightly to $696 billion but was down 5% compared with February of last year.
