Freddie Mac Refi Purchases Drop

06-30-2009 | Source: Total Securitization

Freddie Mac reports that its purchase of refinance loans declined 7% in May from the preceding month despite well-publicized refinance program, Housing Wire reports. In its monthly report, the government lender also notes that single-family mortgage delinquent 90 days or more rose to 2.62% of the total, for the fifth consecutive increase this year, while the rate of multifamily mortgages delinquent 90 days or more has quadrupled from 0.03% in January, to 0.125% in May.

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