DescriptionSingle-Family Mortgage-Backed Security Issuance, Federal and Private, 2003–2017, Adjusted for Inflation (46148354074).jpg
This image is excerpted from a U.S. GAO report:
<a href="https://www.gao.gov/products/GAO-19-239" rel="noreferrer nofollow">www.gao.gov/products/GAO-19-239</a>
HOUSING FINANCE: Prolonged Conservatorships of Fannie Mae and Freddie Mac Prompt Need for Reform
Note: Fannie Mae and Freddie Mac purchase mortgages and issue and guarantee mortgage-backed securities (MBS). Ginnie Mae guarantees MBS backed by federally-insured mortgages. Private-label MBS do not have a government guarantee.