Freddie Mac bought $53.6 billion in mortgages during June, a 21% decline from the level recorded in May, but an increase from that of a year earlier. The company also reported that its delinquencies rose to 0.86% of all loans, a slight increase from the previous month. A year ago Freddie Mac had a delinquency rate of 0.42%. Its retained portfolio totaled $791.8 billion at the end of June, an 11% increase from that of a year earlier. In trading Friday, Freddie's stock fell slightly, to $8.19. Legislation that just passed the House allows the Treasury Department to invest in Freddie Mac and Fannie Mae securities, if need be. Freddie can be found on the Web at http://www.freddiemac.com.
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