Freddie Purchases Fell 14% in '06

Mortgage acquisitions by Freddie Mac fell 14% in 2006 to $502 billion, according to figures released by the company.Year-end production volumes for the entire industry have not yet been tabulated, but according to preliminary estimates from the Quarterly Data Report, residential originations fell 6.7% in 2006 to just over $3 trillion. (The QDR is published by National Mortgage News.) At year-end 2006, Freddie Mac's retained portfolio totaled $703.6 billion, compared with $710 billion at year-end 2005. The government-sponsored enterprise can be found on the Web at http://www.freddiemac.com.