Really Scary Facts of the Day
1. "The GSEs (Fannie Mae and Freddie Mac) and FHA bought or guaranteed 95% of all new mortgages in fiscal year 2011! Mind blowing numbers compared to when 40% market share was seen as high in the early 2000s."
- Fannie Mae: $103.8 billion received from the Treasury
- Freddie Mac: $65.2 billion received from the Treasury
- Total: $169 billion in taxpayer money to bailout mortgage investors via the GSEs