Freddie Purchases Hit Yearly High

Freddie Mac acquired $62.54 billion worth of mortgages in September, its best purchase month of the year and its best showing since October 2003.September's purchase volume was the best of the year for the government-sponsored enterprise, but not by much. In August Freddie acquired $62.27 billion worth of mortgages. According to figures released by the company, its retained portfolio continues to grow at a nice clip and is being fed by the GSE's huge appetite for nonagency securities. At the end of September, Freddie had $235 billion in nonagency mortgage-backed securities on its books out of a total portfolio of $684 billion (34%). In January the ratio of nonagency investments to total portfolio holdings was 27%. Freddie Mac can be found online at http://www.freddiemac.com.