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  "documentTitle": "Fannie Mae & Freddie Mac (FNMA/FMCC)",
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  "authorName": "William Ackman",
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  "notes": "The U.S. bar is highlighted with a dashed oval to emphasize its outlier status.",
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      "kind": "callout",
      "text": "The large degree of MBS funding differentiates the U.S. from other large mortgage markets",
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      "text": "Source: The Urban Institute Housing Finance at a Glance, European Mortgage Federation HYPOSTAT 2024 – A Review of Europe's Mortgage and Housing Markets.",
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