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Home » News » Fannie, Freddie Continue Gradual Portfolio Reduction Amid Serious GSE 2Q11 Losses
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Fannie, Freddie Continue Gradual Portfolio Reduction Amid Serious GSE 2Q11 Losses

August 12, 2011
The retained mortgage portfolios at Fannie Mae and Freddie Mac continued to melt slowly during the second quarter as the government-sponsored enterprises reported significant losses and turned to the federal government for more funding to stay in business. The two GSEs held some $1.416 trillion of mortgages and mortgage-backed securities in portfolio at the end of June, a decrease of 2.3 percent from the first quarter and down 9.0 percent from the same period a year ago. The biggest decline was in unsecuritized home mortgages, down 2.5 percent from the first quarter, while GSE MBS holdings ... [includes one data chart]
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