Freddie Mac portfolio extends slide in November

NEW YORK Wed Dec 23, 2009 8:37am EST

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NEW YORK Dec 23 (Reuters) - Freddie Mac's mortgage investment portfolio shrank in November while the rate of delinquencies on the loans in guarantees escalated, the U.S. home funding company said on Wednesday.

The unpaid principal balance of its mortgage-related investments fell at a 12.9 percent annual rate last month to $761.8 billion, for a 5.8 percent through the first 11 months of the year.

The delinquency rate on its single-family mortgage portfolio jumped 18 basis points to 3.72 percent in November. (Reporting by Lynn Adler; Editing by Padraic Cassidy)

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