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  "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)",
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  "authorName": "William Ackman",
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  "notes": "The chart uses a dashed oval to highlight the US column. The source is Dr. Michael Lea, 2010.",
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      "text": "The widespread use of the 30-year fixed-rate mortgage differentiates the U.S. from other large mortgage markets",
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      "text": "Term Length and Interest Rate Type as % of Outstanding Mortgages",
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      "text": "Note: While the majority of mortgages in France are long-term fixed-interest rate, pre-payment penalties are high and the typical long-term mortgage is close to 20 years.",
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