Freddie Mac's total mortgage portfolio shrunk by $7.53 billion or 4.0 percent during the month of May, resuming the decline that began in January. Despite a 3 percent upward blip in April, the portfolio has dropped 2.9 percent since the first of the year and now has a total balance of $2.22 trillion. The total portfolio, however, is still 18.2 percent larger than it was in May 2009. The annualized liquidation rate in May was 17.8 percent compared to 19.2 percent in April. The refinance-loan purchase and guarantee volume in the Mortgage-Related Investments Portfolio was 17.1 billion, down from 18.4 billion in May. The Investments Portfolio declined in value to 748.1 billion, a decrease of $9.2 billion or 14.5 percent from April and 2.3 percent since May 2009. The breakdown of that portfolio...(read more)

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