California remained the top state for Fannie Mae and Freddie Mac activity in the first three months of 2016 with volume reaching $36.18 billion, three times as much as Texas, which trailed in second place with $12.43 billion in volume. However, GSE activity in California saw a 23.8 percent decline from the previous quarter while volume in Texas was up by 5.2 percent, according to a new Inside The GSEs analysis. In California, the average Fannie and Freddie loan was $307,302 in line with the state’s 2015 average of $310,185. That number followed only Hawaii, which had an average loan size of $362,236 and the District of Columbia, which was $336,268.