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Fannie Mae and Freddie Mac manage only about 40% of the mortgage market in the United States. Now, that's big enough to have a significant effect on the entire
by mcherm 11y ago
Fannie Mae and Freddie Mac manage only about 40% of the mortgage market in the United States. Now, that's big enough to have a significant effect on the entire rest of the market but they do not control the entire mortgage market.
- tadfisher 11y agoParent is probably referring to the secondary mortgage market (mortgage-backed securities), of which F&F now control more like 90%.