Freddie Mac Mortgage Portfolio Rose To $2.244 Trillion, Single-Family Portfolio Delinquencies Hit Record 3.54%
November 25th, 2009
“The government sponsored version of subprime expert New Century reported October numbers, and they were not pretty. The bankrupt lender of 3.5% down housing loans saw its total mortgage portfolio rise to $2.244 trillion, thanks to the Fed which keeps on buying whatever crap FRE spews off the conveyor belt, now that even PIMCO is running far from that radioactive sludge. Total single-family delinquencies hit an all time record of 3.54% (3.33% in September). And some other observations:”
Go to Source
Related posts:
- Fannie, Freddie Single-Family Home Delinquencies Continue to Rise
- Delinquent Buy-Outs Add $3.9bn to Freddie’s Ever-Growing Mortgage Portfolio
- Freddie Mac’s Portfolio Shrinks in May. Delinquency Rate Flat
- Gross Set for Record Book as Manager of Biggest Fund in History
- Single Family Offices Losing Ground
Posted in Implode