Friday September 25, 02:29 PM
STOCKS NEWS US-Freddie Mac Aug portfolio down, delinquencies up
Stocks on the move
Real (Frankfurt: BJU.F - news) -time Equity news
U.S. stock market report
0911 ET 25Sept2009-Freddie Mac Aug portfolio down, delinquencies up ------------------------------------------------------------------------------
Freddie Mac (NYSE: FRE - news) , the second-largest U.S. home funding company, on Friday said its mortgage investment portfolio shrank by an annualized 29.5 percent rate in August, while delinquencies on loans it guarantees accelerated.
The portfolio fell to $779.4 billion, for an annualized 4.7 percent drop year to date, the McLean, Virginia-based company said in its monthly volume summary.
The portfolio size, however, increased on a year-over-year basis. In August 2008, the portfolio was $760.9 billion.
Delinquencies, which increase stress on the company's capital, jumped to 3.13 percent of its book of business from 2.95 percent in July and 1.11 percent in August 2008.
For details, see
|
|
|
Send Article by Email
Send Article by IM
Blog This with Y! 360
Printable View
