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by ChrisLomont
1405 days ago
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Sorry for any confusion - what I wrote was "FM does not guarantee most mortgages" in reply to the OP claiming FM guaranteeing mortgages is subsidizing the housing market. (And I ignored that FM is not the Federal Govt for now...) From the stats of conforming mortgages being 40% of mortgages and the FM only buying 60% of those, FM is at most guaranteeing (to investors, for a fee) around 24% of mortgages. That's well under 51%, right? So FM not guaranteeing most mortgages is true, and it's not even close. |
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