Fannie Mae issued $50.9 billion in mortgage-backed securities in May, helping drive growth in the mortgage purchaser's guarantees at an annualized rate of 18.7 percent for the month. Total Fannie Mae MBS and other guarantees totaled $2.19 trillion at the end of May, an annual growth rate of 11.3 percent for the year, the company said. That compares with a 7.2 percent rate of growth in 2006. The company's mortgage portfolio also saw strong growth in May, to $718.3 billion. The 13.8 percent annualized rate of growth for the month compares with 2 percent for the year-to-date and .4 percent in 2006. Growth in Fannie Mae's mortgage portfolio was capped under a May 2006 consent order. The company estimates that its mortgage portfolio for purposes of the consent order totaled $713 billion at the end of the month. Growth in the overall mortgage market has slowed to levels not seen in a decade, Fannie Mae reported. The 5.6 percent annualized rate of growth in total residential d...
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