Fannie/Freddie Securitization Inches Higher in May, Mixed Results on Portfolio Growth
June 25, 2004
Fannie Mae and Freddie Mac both reported modest increases in mortgage securitization volume during May, although both government-sponsored enterprises continue to show lackluster results in trying to build up their retained investment portfolios. Production of single-family MBS at Fannie Mae edged up 2.7 percent from April to May, raising the program to its highest level since October of last year, the last gasp of