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U.S. Government Will Dominate the Mortgage Market for a Long Time

The U.S. government, which has been reducing its stakes in the financial-services and auto industries, is poised to dominate the mortgage market for a long time.

A weak start to the spring housing season, which could be underscored later this week by reports on sales of new and previously owned homes, is raising the prospect that the U.S. government will dominate the mortgage market for a long time.

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