Mortgage Daily

Published On: November 20, 2002
Right Said Fred

Freddie announces monthly summary

November 20, 2002

By MortgageDaily.com staff

Freddie Mac announced a significant increase in new business purchases during the month of October.

The government sponsored housing enterprise reported $73.6 billion in purchases, more than doubling its total from the same time last year. In September, Freddie reported almost $58 billion in business purchases.

Freddie also reported $476.8 billion in year-to-date purchases.

The total mortgage portfolio outstanding as of October 31 was almost $1.3 trillion, barely changed from September. Freddie reported a retained portfolio of $536.4 billion. The retained portion of Freddie’s portfolio had almost $5.7 billion in net additions.

Mortgage participation certificates totaled $60.5 billion during the month.

Freddie said its duration gap was negative one month in October, the same as September.

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