$52.9 billion November business purchases
By MortgageDaily.com staff
12/22/2005

Freddie Mac boosted business purchases 16% during November.

November's business purchases of $52.9 billion climbed $7.4 billion from October and a whopping $18.3 billion above the total a year earlier, the secondary lender said in its latest monthly volume summary report.

The government sponsored enterprise's total mortgage portfolio edged up to $1.7 trillion, consisting of a $0.7 trillion retained portfolio and nearly $1.0 trillion in outstanding participation certificates.

Single-family delinquency of 0.60% in October was 1 basis point worse than the previous month, said Freddie, which reports the rate of the loans 90 days past due on a one-month lag.

The average duration gap, or the reported balance of the McLean, Va.-based company's cash flows from assets and liabilities, continued at zero months in November.

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