Freddie Mac reports $276.77 billion debt maturities, redemptions in 2009, $11.16 billion in January

By Jennifer Chiou

New York, Feb. 26 - Freddie Mac announced in its monthly volume summary for January that it recorded $276.77 billion of maturities and redemptions with respect to its debt activities in 2009, with $11.16 billion tallied in the first month of this year.

Repurchases for last year came out to $44.71 billion while total outstanding debt at the end of the year was $805.07 billion. At the end of January, there was $817.61 billion of total debt outstanding.

In January, Freddie Mac said that it repurchased $500 million of its debt. During the month, it marked issues of $28.02 billion of debt, compared with $34.13 billion in January 2009 and a total of $348.68 billion for the full year last year.

Outside of debt activities, the agency said that its total mortgage portfolio declined at an annualized rate of 1.7% during the month while its rate of issued structured securities increased at 0.5% in the same period.

During last year, the agency marked $475.41 billion of issuances under its participation certificates and structured securities, with $36.16 billion added in January.

Also, on Feb. 10, Freddie Mac announced the repurchase of substantially all of the single-family mortgage loans that are 120 days or more delinquent.

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