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What portion of all home loans issued during 2011 were insured by the federal government in the event of default?

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Per the U.S. Congressional Budget Office, "84 percent of new mortgages in 2011 carried a federal guarantee." The Federal Housing Administration (FHA) insured 21% of the total, and Fannie Mae and Freddie Mac insured 63%. To limit the risk to taxpayers, the government requires borrowers with low down payments to pay an annual mortgage insurance fee. In January 2015, President Obama reduced the fee for FHA-backed loans from 1.35% of the loan amount to 0.85%.

DocumentationFederal Credit ProgramsObama Cuts Mortgage Fees




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