Business Volume Slows Sharply at Fannie Mae and Freddie Mac, Portfolios Contract
The flow of new mortgage business at Fannie Mae and Freddie Mac has clearly slowed down in the first two months of 2006, a trend that likely reflects a broader cooling of the market. According to mortgage securities data analyzed by Inside Mortgage Finance, new single-family mortgage pool production at the two government-sponsored enterprises fell from $79.34 billion in December to $75.19 billion in January and just $62.86 billion last month. That’s the lowest monthly… [One data table included]