California Ranks as Top GSE Market in Early 2008, But High Housing Costs Reduced Its Market Share
July 31, 2008
California provided more mortgage loans for Fannie Mae and Freddie Mac securitization programs than any other state, with well over twice the market share of its nearest rivals, according to a detailed new Inside Mortgage Finance analysis of data from the first half of 2008. But California’s high housing costs...[Includes one chart]
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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