re: Fannie Mae Reports Massive Q3 Loss, Asks For Another $15 Bil

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The mortgage market is still dependent on government- affiliated programs, with private banks providing just 10 percent of loan liquidity, down from about 60 percent in 2006, Williams said in September. Fannie Mae and Freddie Mac are responsible for about 70 percent of all new mortggages this year, while the Federal Housing Administration accounts for about 20 percent, Williams said.

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