95 Percent Of New Mortgages Are Federally Guaranteed, Almost Double The Rate Prior To 2008

Posted by Milton Recht:

From CBO, "Snapshot of Guarantees of New Residential Mortgages:"

Before the recent financial crisis, federal agencies and the government-sponsored enterprises Fannie Mae and Freddie Mac guaranteed (meaning, assumed the financial risk for) about half of the total volume of residential mortgages originated each year. In 2008, as the financial crisis worsened and the government took control of Fannie Mae and Freddie Mac, the situation changed dramatically: By 2012, more than 95 percent of new mortgages were federally guaranteed.