GSE Business Volume Ahead of Last Year in Early 2006, But Portfolio Growth Remains Sluggish
The first two months of 2006 brought substantial increases in business volume at Fannie Mae and Freddie Mac, compared to the same period a year ago, although the retained portfolios of the government-sponsored enterprises remain stagnant. Combined, Fannie and Freddie reported $186.18 billion of “new business” during the first two months of 2006. This includes issuance of new mortgage-backed securities guaranteed by the GSEs as well as purchases of non-agency MBS by the two… [One data table included]