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IPFS News Link • Housing

“This is a market purely on life support, sustained by the federal government”

05-24-2010 • businessweek.com/news/

The FHA and Fannie Mae and Freddie Mac, which regulators seized in 2008, have been financing more than 90 percent of U.S. home lending after a retreat by banks and the collapse of the market for mortgage bonds without government-backed guarantees.

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Reported By Jack Gregson

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“This is a market purely on life support, sustained by the federal government”

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