Freddie Mac Feb investment portfolio up 34.7 pct

March 26, 2009, Writen by: Chris Anderson, Ph.D

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NEW YORK, March 25 (Reuters) - Freddie Mac (FRE.N) (FRE.P) said its investment portfolio grew by nearly 35 percent in February, after shrinking the prior two months, though late payments on loans it guarantees also continued to jump.

The government-controlled mortgage funding company said the unpaid principal balance of its mortgage-related holdings rose to $822 billion at the end of February, for an annualized 12.9 percent increase year to date.

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