Duration gap flat
By MortgageDaily.com staff
12/20/2002

Freddie Mac reported a slight month-to-month increase in business purchases and a flat duration gap for the month of November.

The government-sponsored housing enterprise reported $74.3 billion in purchases, a slight advance from October's $73.6 billion. Freddie's total wasn't far from doubling the $44.4 billion reported during the same time last year, however.

Year-to-date, Freddie is at $551.1 billion in business purchases.

Its mortgage portfolio holds a $1.279 trillion balance, Freddie reported, and its retained portfolio totals $549.3 billion.

Mortgage participation certificate issuances for November totaled $62.3 billion.

Freddie's duration gap was flat during November, compared with negative-one month in October.

Freddie also reported its single-family delinquency rate at 39 bps, up 1 bp from October.

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