Government Backstop Grows to 98% of New Financing in Residential Mortgage-Bond Market During Pandemic

MarketWatch, June 3, 2020–Joy Wiltermuth
The U.S. government has guaranteed nearly all new home loans in the $11 trillion housing debt market in the months since the coronavirus tool hold across America, a situation that isn’t likely to change soon, according to Barclays.
https://www.marketwatch.com/story/government-backstop-grows-to-98-of-new-financing-in-residential-mortgage-bond-market-as-private-finance-vanishes-during-pandemic-2020-06-03