Freddie Mac reported last week that its retained portfolio contracted 1.2% annualized in May to $723.1 billion, compared to 14.0% growth in April. Year-to-date, retained portfolio growth is a modest 4.4%. The dip in the retained portfolio was due to sales of $5.3 billion and liquidations of $15.8 billion that offset purchases of $20.3 billion. In April, retained purchases totaled $29.4 billion, while sales and liquidations were similar to May's level. Net retained agreements in May totaled $15.7 billion, which was down from $19.7 billion in April.
Fannie Mae reported modest portfolio growth in May of $3.4 billion, or 5.8% to $733.8 billion. In April, the GSE experienced 15.7% growth. Year-to-date, the portfolio growth is running at 2.1%. The GSE also reported that its mortgage portfolio assets for purposes of the Office of Federal Housing Enterprise Oversight consent agreement were approximately $724 billion. Fannie Mae reported purchases of $18.7 billion in May, down from $23.0 billion in April. Purchases were offset by liquidations of $11.7 billion, which was similar to the previous month. The summary showed net retained commitments in May were $12.1 billion, down from $17.4 billion in April.