Freddie Mac retained portfolio smaller in December - 2004-01-26
Freddie Mac, the No. 2 U.S. mortgage finance company, declared on Monday the size of its retained, or investment portfolio, diminished for a second month in a row because mortgage securities have been expensive.
The company's book of investment decreased at an annualized rate of 4.1 percent in December to $644 billion, compared with November's annualized decline of 16.1 percent, the company said in its monthly business summary.
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