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Freddie Mac June holdings, May delinquencies rise

Fri Jul 25, 2008 8:38am EDT
 
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NEW YORK, July 25 (Reuters) - Freddie Mac's (FRE.N: Quote, Profile, Research, Stock Buzz) retained mortgage portfolio jumped by more than a 33 percent annual rate in June to about $792 billion while delinquencies on bonds it holds and guarantees kept climbing in May, the second-largest U.S. home funding company said on Friday.

These holdings had jumped 53.4 percent in May to $770.4 billion.

Delinquency rates on single-family mortgages guaranteed and held by Freddie Mac rose in May to 0.86 percent from 0.81 percent in April and 0.77 percent in March. (Reporting by Lynn Adler; Editing by Tom Hals)

 

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