Freddie Mac also noted a -14.1% annualized drop in the size of its mortgage portfolio to $2.03 trillion. That’s the largest decline by far in the past 12 months and represents a nearly 5x reduction over the March annualized rate drop of -2.9%.
Freddie Mac was taken over by the federal government in September 2008 and has been operating ever since as a conservatorship.
The mortgage volume study is available here.
Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
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