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News Link • Housing

96.5% of Mortgages Backed by Government Entities in Q1 of 2010

• CalculatedRiskBlog.com
 
Government-related entities backed 96.5% of all home loans during the first quarter, up from 90% in 2009, according to Inside Mortgage Finance. With the vast majority of current mortgage lending now intermediated in some form by the GSEs, it will be difficult for the housing market to return to normal. Without the government backed entities there would be almost no mortgage market. We are a long way from normal ...

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