GSE Portfolio Growth Still Constrained by Increased Competition, Jump in MBS Fees Expected to Ease
April 16, 2004
Fannie Mae and Freddie Mac have had a relatively challenging time trying to grow their mortgage investment portfolios over the past year, despite record volumes of new production. In its first quarter earnings statement released this week, Fannie Mae said that its retained mortgage portfolio had shrunk for the second consecutive quarter, at an annualized rate of 7.6 percent, during