Issuance of new Fannie Mae and Freddie Mac MBS increased a modest 2.3 percent in June, but the two government-sponsored enterprises are trailing well behind the pace they set last year. Total agency MBS production for the first six months of the year was down 24.3 percent from the same period in 2004, with Fannie Mae recording the bigger (29.0 percent) decline. Fannie still has the larger market share – 55.0 percent on a year-to-date… [One data table included]