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by CareyBot

Freddie Mac's total mortgage portfolio grew at annual rate of 2.8 percent in November, the company reported today. Its retained portfolio decreased at an annualized rate of 6 percent last month. Freddie Mac is a government-chartered corporation owned by shareholders. The company buys mortgages, repackages them and sells some to investors and also retains a portion. This helps maintain liquidity in the nation's mortgage markets. Other highlights from the mortgage buyer's November volume summary include: Retained portfolio purchases increased to $18.8 billion in November, from $14.9 billion in October. Retained portfolio mortgage purchase agreements, net were $7.7 billion in November, down from $14.1 billion in October. Total PCs and Structured Securities Issued decreased at an ann...