Fannie, Freddie and FHLB Now Provide 90% of Home Loans

Fannie Mae, Freddie Mac and the Federal Home Loan Banks provided 90% of the financing for new mortgages at the end of 2007, according to the Office of Federal Housing Enterprise Oversight. This is more than double their percent of the mortgage market, revealing the extent to which private mortgage financing has dried up. (Source: FT.com, Fannie and Freddie Drive Home Loans, April 2, 2008)

What It Means to You

Even homeowners with good credit scores are having trouble finding mortgage lenders. That's because many lenders have their mortgage funds tied up with subprime loans that they can't sell on the secondary market. Other lenders have severely tightened up their lending requirements to avoid any risk whatsoever.

Help in Getting a Mortgage

• Foreclosure Resources
• Hope NOW
• White House programs to help homeowners