GSE Portfolio Fell $37 Billion in August

American Banker (09/29/08)
Freddie Mac's mortgage holdings shrank at an annualized rate of 56 percent in August to $760.9 billion as the company sold off assets. The portfolio of home loans and mortgage bonds fell by $37.4 billion. Freddie Mac was unable to raise $5.5 billion in capital, and, like Fannie Mae, faced more losses from the downturn in the housing market. Delinquencies on the single-family loans it owns or guarantees within bonds rose to 1.11 percent, which is up from 1.01 percent in July and up from 0.46 percent in August 2007.