“At its heart, the new movement declared it the government’s duty to keep all sectors of the economy in a grand balance with one another, most importantly by supporting cheap mortgages and finance to those sectors, such as agriculture, that lagged behind.” (Glock, 2021)
The market value of owner-occupied real estate is north of 48 trillion dollars.
Working on fraction of mortgages related to GSEs
Total residential mortgage debts is roughly 14 trillion dollars. Depository taking institutions hold about 3 trillion. Fannie Mae and Freddie Mac hold 3.6 and 3 trillion respectively. And Ginnie Mae holds 2.5 trillion in mortgage back pools.