The two mortgage giants have been severely weakened by the current turmoil in the U.S. housing market, which has seen a dramatic rise in foreclosures, and falling home values across the country.

在目前的美国房地产市场大滑坡中，由于房贷违约率急剧上升，丧失住房赎回权的人数大增，全国各地的房地产价值大幅缩水，这两家房贷巨头损失惨重。

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Low prices and mortgage rates, along with the tax credit for first-time home buyers, have spurred a home-buying bonanza, at least in the low end of the market.

价格和贷款利率的下降，以及对首次购房者的减税都刺激了购房热，至少在低端市场如此。

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The deep global economic slowdown began in August 2007 when defaults in the U.S.home mortgage market caused financial markets to curtail lending.

VOA: standard.2009.03.24

My backup is the home mortgage market activity as well as brokerage house earnings powered by cost-cutting.

FORBES: Catch The Bus For 1650 Market Street

Washington now controls long-term bond yields, promises low interest rates years into the future, makes bets on trillions of dollars in bonds, dominates the home-mortgage market and regulates myriad aspects of banking and investing in the U.S. and abroad.

FORBES: Pushing Back A Government-Centered Society

For the moment, conforming mortgages remain stable and large firms unconnected to the home-mortgage market have yet to experience serious trouble.

ECONOMIST: And Ben Bernanke keeps his cool