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Federal Home Loan Mortgage Corp (OTCBB:FMCC) Report On Total Mortgage Portfolio

Federal Home Loan Mortgage Corp (OTCBB:FMCC) published January 2015 volume summary. It highlighted that the total mortgage portfolio dropped by almost 0.8% in January 2015. The refinance loan purchase stood at $12.4 billion in January. It is the largest contributor in the total single-family mortgage.

The figures

As per the report of Federal Home Loan Mortgage Corp (OTCBB:FMCC), the relief refinances mortgages comprised 14% of single-family refinance. The loan modifications figure stood at 4,793. The mortgage-related securities and commitments increased at an annualized rate of 1.2%. The total UPB of investment dropped over $1.0 billion. The single-family delinquency figure came at 1.86% in January compared to 1.88% in December 2014. The multi-family delinquency declined to 0.03% from 0.4%in December 2014. As per the report, the exposure alterations in PMVS-L were $122 million.

The survey

Apart from the report on January 2015, Federal Home released the data of its PMMS survey. The average fixed mortgage rates improved due to strong home sales and appreciation in house prices. There is still enough room left for improvement as mortgage rates remain close to their 2013 lows.

The results of PMMS survey

As per the Federal Home’s PMMS survey, 30-year FRM stood at 3.8% in the last week of February. It was lower than average of 3.76% reported in the previous week. It also declined from the average of 4.37% posted in the same period, a year earlier. The 15-year FRM stood at average 3.07%, up from previous week average of 3.05%. It declined from the average of 3.39% posted in the same period, a year ago.

Treasury-indexed ARM

Treasury-indexed hybrid ARM for 5-year was at 2.99% in the last week of February compared to an average of 2.97% in the previous week. It declined from an average of 3.05% posted in the same period, a year ago. Treasury-indexed ARM for 1-year stood at averaged 2.44%, lower than averaged 2.45% in the previous week.

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