The development of Fannie Mae and Freddie Mac established the framework for a liquid secondary market for residential mortgages.By the fourth quarter of 2008,the share of all residential mortgage loans owned or securitized by Fannie Mae and Freddie Mac approached approximately:

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By the fourth quarter of 2008, Fannie Mae and Freddie Mac owned or securitized approximately 38% of all residential mortgage loans, playing a significant role in the secondary mortgage market.

The Development of Fannie Mae and Freddie Mac Established the Framework