Fannie Mae and Freddie Mac have rapidly adapted to the shifting pallet of mortgage products in the primary market over the last two years by tapping the booming non-agency MBS business as well as their own purchase programs. Through the first nine months of 2005, the non-agency MBS market has offered up a record $203.18 billion of securities structured in classes that are specifically designed to meet the conforming loan amount restrictions of the government-sponsored… [Two data tables included]