FRB: Testimony, Greenspan -- Regulatory reform of the government-sponsored enterprises -- April 6, 2005

FRB: Testimony, Greenspan -- Regulatory reform of the government-sponsored enterprises -- April 6, 2005

These remarks did not cause the dollar to strengthen. But, as always, they are an education. For example, here we learn that the combined portfolios of Ginnie Mae and Fannie Mae were $1.38 trillion, or 23 percent of the home mortgage market as of 2003. Doing the math, the 2003 home mortgage market was $6 trillion!