Interesting - it's as if the private sector has figured out that maybe fewer mortgages should be issued until we come up with better underwriting standards.

Fannie/Freddie are now taking taxpayer dollars to continue issuing mortgages that the private sector considers too risky.

Clearly, Fannie/Freddie are paragons of underwriting and would never issue bad loans.

also prime mortgages from the bubble years got hammered and of course that hurt them.

Wait, Fannie/Freddie made bad loans and assigned them the label "prime"? They clearly had nothing to do with the mortgage mess whatsoever.