Fannie Mae purchased $42.3 billion in home mortgages during July, its lowest acquisition volume in 41 months, according to new company figures. Compared with June's volume, Fannie's acquisitions tumbled 33%. In July of last year -- as the nation's liquidity crisis began to gather steam -- Fannie bought $66.3 billion in mortgages. Meanwhile, Freddie Mac bought $34.6 billion in loans during July, its lowest purchase volume since January ($32 billion). Both government-sponsored enterprises are trying to preserve capital as they face higher costs to raise new debt and equity. The GSEs can be found on the Web at http://www.fanniemae.com and http://www.freddiemac.com.
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