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by hahajk
16 days ago
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> interest you pay is insuring the bank against bad debtors I thought that was the govt: > Loans securitized by government-sponsored enterprises (GSEs) like Fannie Mae and Freddie Mac continue to dominate the market, comprising around 52 percent of all balances at roughly $6.5 trillion. Government-backed loans, such as those insured by the Federal Housing Administration (FHA) or Department of Veterans Affairs (VA), account for 19 percent or $2.5 trillion. FHA loans are designed for first-time and lower-income buyers and make up 12 percent of balances, while VA loans that are available to U.S. military veterans comprise 8 percent. https://libertystreeteconomics.newyorkfed.org/2025/08/a-chec... |
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