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Personal Finances / Buying or Selling a Home


Subject:  Re: FYI: When Rules Collide Date:  7/13/2013  7:31 PM
Author:  CCinOC Number:  125770 of 128887

Between late 2008 and 2012, the government (Fannie, Freddie, FHA, VA & USDA) backed more than 95% of mortgage loans

Do you understand what "backed" means in this context?
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