In June, when the Freddie Mac accounting scandal broke wide open, the company saw its loan purchases decline slightly from the previous month while its issuance of participation certificates fell by $8 billion, or 12%.Freddie Mac bought $75.27 billion in mortgages during the month, compared with $77.41 billion in May. However, compared with those of June 2002, the company's loan acquisitions actually doubled. According to figures released by the company July 24, Freddie's purchase commitments -- a barometer of future activity -- stood at $63.63 billion, a 12-month high. Freddie Mac can be found on the Web at http://www.freddiemac.com.
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