| Freddie Mac's loan investment dropped for the second | | | | financial markets.In anticipation of the limits, Freddie has |
| straight month in June. It fell to $722.2 billion for the | | | | sustained their debt in the $2.6 trillion agency debt |
| month.Freddie's total mortgage portfolio increased at | | | | market, which includes the Federal Home Loan Bank |
| an annualized rate of 8.9% year to date, increasing | | | | system and Farmer Mac.Freddie Mac has announced |
| 10.3% for the month. The retained portfolio increased | | | | that it plans to cut it's the outstanding reference debt, |
| at an annualized rate of 3.4% year to date, but | | | | the largest and most frequently traded bonds."Even if |
| dropped at a rate of 1.4% for June.The decline was | | | | Freddie Mac does not reach an agreement with |
| due to loan paydowns, offsetting purchases and | | | | OFHEO on portfolio growth limits this summer, we do |
| increased portfolio sales, which were at the highest | | | | not anticipate more than another $30 billion of portfolio |
| levels in 3 years at $13.8 billion.The debt-fund portfolio | | | | growth the balance of this year," said Jim Vogel, head |
| provides over 75% of Freddie's profit. It has become a | | | | of agency research.Up from the $15.7 billion purchased |
| hot debate topic in recent months.Freddie Mac is the | | | | in May, Freddie has announced plans to purchase $19.1 |
| second-largest purchaser of residential mortgages. | | | | billion in mortgage loans and securities for future |
| Both Freddie Mac and its rival, Fannie Mae, are under | | | | settlement in June.Martin Lukac represents and a |
| inquiry after making $15.8 billion in accounting errors | | | | finance web-company specializing in real estate and |
| since 2000.The Office of Federal Housing Enterprise | | | | mortgage rates. We specialize in daily updates, |
| Oversight is considering limiting Freddie Mac's growth, | | | | mortgage news, rate predictions, mortgage rates and |
| much like Fannie Mae has had limits placed on its | | | | more. Find low home loan mortgage interest rates |
| growth. The Bush administration contends that the high | | | | from hundreds of mortgage companies! |
| level of assets pose a systematic risk to the U.S. | | | | |