June Was a Very Mixed Month for Fannie and Freddie as MBS Issuance was Down, But MBS Purchases Up
July 30, 2004
Fannie Mae and Freddie Mac ended the second quarter with more of a whimper than a bang when it came to mortgage-backed security production. Nevertheless, the two government-sponsored enterprises did manage a rally of sorts when it came to MBS purchases, which hit an eight month high as the first half came to a close.