[Pelham]

” until they made up about fifty percent of the FF portfolios”

Source, please.

[Intolerant in NJ]

When Cuomo announced his initiative in 1999, he raised these goals. Fannie and Freddie were already buying 42 percent of their mortgage loans to benefit low- and moderate-income families, but under Cuomo's new rules, that requirement would rise to 50 percent.

...And if Fannie and Freddie failed to meet these goals? Cuomo held out a stick: possible penalties of $10,000 for each day that the targets remained unmet.

...By 2008, some $1.6 trillion of toxic mortgages, or almost half of those that were written, were purchased or guaranteed by Fannie and Freddie.

Reckle$$ Endangerment - Morgenson and Rosner - pp116-117.......