GSEs Saw Little or No Growth in Portfolios During February as MBS Purchases Tumble
March 21, 2003
Despite strong activity in the primary mortgage market, Fannie Mae and Freddie Mac had a tough time growing their portfolios last month as both government-sponsored enterprises cut way back on their purchases of MBSs. In fact, Freddie’s purchase of its own securities was so low in February that its mortgage portfolio actually fell by $7 billion.