Freddie's Portfolio Grew 19.4%

Freddie Mac's mortgage portfolio grew at a 19.4% annual rate in June, compared with 4.6% in May, which means the giant mortgage company has reported two months of positive numbers after watching its portfolio shrink for several quarters.Freddie reported that loan purchases for its portfolio totaled $27.7 billion in June, up from $21.9 billion in May. The mortgage portfolio had total assets of $645.2 billion as of June 30. Fannie Mae also recently reported its monthly loan volume, which showed that its mortgage portfolio grew at an annualized rate of 19.0% in June, compared with a negative 2.8% rate in May. Fannie said loan purchases for its portfolio totaled $37.2 billion in June, compared with $26.7 billion in May. Fannie's mortgage portfolio had total assets of $891.2 billion at the end of June. The two government-sponsored enterprises can be found online at http://www.freddiemac.com and http://www.fanniemae.com.