Fannie and Freddie Post Record MBS Production In 2002, But Face More Investor Competition
January 31, 2003
Fannie Mae and Freddie Mac combined for a record $1.27 trillion in new mortgage-backed securities issuance in 2002, toppling the previous record of $914.9 billion set just one year before. Year-end data reported by the two government-sponsored enterprises show that both companies did record monthly volume in December. Fannie Mae produced some $97.8 billion in new MBS during the month, bringing