A Tuesday article on page 18, "Freddie, Fannie Portfolios Growing Much More Slowly," mischaracterized some figures supplied by Jonathan E. Gray, an analyst at Sanford C. Bernstein & Co.

The figures - $380 billion in the first quarter, including $165 billion for purchases and $215 billion for refinancing; and an estimated $240 billion for the fourth quarter, down from $410 billion a year earlier and including $20 billion for refinancing - were for home loan originations nationwide, not purchases by Fannie Mae and Freddie Mac.

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