Secret #45 – The U.S. Mortgage Industry is Largely Nationalized
johnwake.substack.com
According to this graph, 87% of mortgages are purchased by government entities that resell them as mortgage-backed securities, and the Fed has bought about 1/3 of all existing mortgage-backed securities those government entities created.
Secret #45 – The U.S. Mortgage Industry is Largely Nationalized
Secret #45 – The U.S. Mortgage Industry is…
Secret #45 – The U.S. Mortgage Industry is Largely Nationalized
According to this graph, 87% of mortgages are purchased by government entities that resell them as mortgage-backed securities, and the Fed has bought about 1/3 of all existing mortgage-backed securities those government entities created.