Calculated Risk Thu 2010-05-06 13:59 EDT
96.5% of Mortgages Backed by Government entities in Q1
...Government-related entities backed 96.5% of all home loans during the first quarter, up from 90% in 2009, according to Inside Mortgage Finance...The government-sponsored enterprises--Fannie Mae, Freddie Mac, and Ginnie Mae--now own or guarantee an overwhelming share of originations. At the same time, non-agency mortgage securitization and loans retained in lender portfolios have largely dried up...Without the government backed entities there would be almost no mortgage market.
5; 96; Calculated Risk; government entity; Mortgage Backed; Q1.