Sunday, March 29, 2009

Freddie Mac portfolio reaches record $822B

"The Obama administration is counting on Fannie Mae and Freddie Mac to revive the mortgage market, and McLean-based Freddie Mac did its part last month by increasing its retained portfolio of mortgages by $23.1 billion to an all-time high of $822 billion."

"The total of those guarantee commitments eased 1.4 percent in February to $1.82 trillion. Adding that to Freddie’s retained portfolio, the company’s total of loans owned or guaranteed increased 3 percent during the month to $2.2 trillion."

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