GSE MBS Issuance Soars in March, But Fannie And Freddie Show Little Investment Appetite
April 3, 2009
Fannie Mae and Freddie Mac posted huge increases in new MBS issuance over the past two months, with March activity hitting the highest monthly production levels since the historic mortgage refinance boom back in 2003. The Bush administration’s move to bolster confidence in the mortgage market in late November sparked a rally in mortgage interest... [Includes two graphs]