2009-05-29housingwire.com

Even as the Obama Administration’s Making Home Affordable initiatives began taking effect, one of the government-sponsored mortgage giants saw its April portfolio shrink from year-ago levels as its monthly purchases and issuance fell 32.5%.

Government-sponsored enterprise (GSE) Freddie Mac (FRE: 0.7802 +0.03%) saw its mortgage portfolio decrease at an annualized rate of 8.1% in April, according to the monthly volume summary released today.



Comments: Be the first to add a comment

add a comment | go to forum thread