Freddie Mac came out with its February monthly volume summary report last week. The GSE reported that its net retained portfolio grew an annualized 5.1% to $709.2 billion in February. This compares with a gain of 4.4% in January. Year-to-date, portfolio growth is running at 4.7%.
The firm's purchases totaled $19.8 billion, while sales and liquidations were $16.8 billion, resulting in a net increase of nearly $3.0 billion from January. Net purchase agreements declined to just under $15 billion, down from $18.1 billion in January.