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]