Federal Home Loan Mortgage Corp (OTCBB:FMCC) issued January 2015 volume summary. The total mortgage portfolio declined at an annualized rate of 0.8% in the month. The single-family guarantee volume and refinance loan purchase was $12.4 billion in January. It accounts for 57% of total ‘single-family mortgage.
The highlights in January 2015
Federal Home Loan reported that relief refinance mortgages accounted for 14% of total ‘single-family refinance’ data. The total count of loan modifications was 4,793. The total UPB of mortgage-related investment declined by almost $1.0 billion. The mortgage-related guarantee commitments and related securities surged at an annualized rate of 1.2%. The single-family serious delinquency percentage declined to 1.86% in January from 1.88% in December. The multi-family percentage came lower at 0.03% in January compared to 0.4% in December. The exposure changes in PMVS-L came at $122 million.
Federal Home also reported the results of its PMMS, representing average fixed mortgage rates improving amidst robust housing data on house price appreciation and new home sales. However, fixed-rate mortgage rates still remain close to 2013 lows.
The highlights of PMMS
Federal Home reported that 30-year FRM came at 3.80% for the week ended February 26, 2015 compared to averaged 3.76% last week. However, it was lower than averaged 4.37% recorded in the same period, a year ago. The 15-year FRM came at average 3.07%, up from last week average of 3.05%. A year ago, in the same period, the 15-year FRM was 3.39%.
The other data
The 5-year ‘treasury-indexed hybrid’ ARM came at 2.99%, up from last week average of 2.97%. It was lower than the 5-year ARM of 3.05% in the same period, a year ago. The one-year Treasury-indexed ARM came at average 2.44% for the week ended February 26, 2015 with an average 0.4 point. It was lower than average of 2.45% in last week.