The US Government probably owns your home mortgage loan according to a letter released by the Federal Reserve Bank.
The huge resurgence of FHA loans is one of the reasons for the increases from 50% in 2006. Also, the fact that these governmental organization are buying up loans at a rate of about $3billion a week…governmental securitization. According to the Federal Reserve this shift began to ebb from the banks to these organizations back in the ’70’s when mortgage assets were at 75%. As of 2008 they were measured at 35%.
Much of the increase is related to the expansion of these entities…Fannie Mae, Freddie Mac, and Ginnie Mae.
