Freddie Mac has reported that its total mortgage portfolio, which includes guaranteed mortgage-backed securities as well as its retained loans, contracted by 2% in April after eight straight months of growth.Freddie Mac said its retained portfolio fell at an annualized rate of 7.8% in April, while issuance of participation certificates decreased at a 4.9% rate. Structured securitizations increased, however. Freddie Mac's duration gap, an interest-rate risk management measure, remained at zero in April, unchanged from March. The single-family delinquency rate declined slightly to 25 basis points. Freddie Mac can be found on the Web at http://www.freddiemac.com.

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