Resumption of the housing market will take time, Fannie Mae said the head

Custody of the United States have a \ "long way to go \", implementation and investors and borrowers should be cautious, because the economy back on its feet, Fannie Mae CEO Michael Williams, said last week. Williams, in his first public speech since he became the manager of the government-controlled mortgage finance company in April, the market has had a \ "very, very difficult years. \" Unable to perform Translation:invalid textUnable to perform Translation:invalid textUnable to perform Translation:invalid text\ "He who seeks objectively to the economy and housing market sees hope, \" Williams said in his prepared speech delivered Wednesday at Tesoro Club in Washington. \ "The patient is in intensive care but is still a long way to go to a good relationship. \" Unable to perform Translation:invalid textUnable to perform Translation:invalid textUnable to perform Translation:invalid textThe mortgage market is still dependent on government-related programs, with private banks, only 10% of the supply of liquidity and lending by about 60% in 2006, Williams said. Fannie Mae and Freddie Mac are about 70% of all new mortgages in office, while the Federal Housing Administration accounts for about 20%, Williams said. Unable to perform Translation:invalid textUnable to perform Translation:invalid textUnable to perform Translation:invalid textForeclosures continue to rise this year, "said Williams, the pressure on housing prices, a credit company through a backlog of seizures of property, which had been suspended earlier this year, as part of efforts for the fight against homeowners with relief efforts. While houses for sale faster than the rest of the inventory of seized and sold \ "exceptionally high, \" he said. Unable to perform Translation:invalid textUnable to perform Translation:invalid textIneligible Borrowers Unable to perform Translation:invalid textOne in 10 mortgage borrowers behind its payment obligations, and one in 25 homes in closing, he said. The owners have lost 40% of their capital, making it difficult for many to refinance, "he said. Unable to perform Translation:invalid textUnable to perform Translation:invalid textUnable to perform Translation:invalid textSome borrowers, therefore, are not eligible for government programs to refinance at lower prices. Over 1 million of delinquent loans are not eligible for the presidency Barack Obama \ 'Sloan-editing program that has been used because of the financing of public debt for the second or exceed the program \' s $ 729,750 loan limits. Unable to perform Translation:invalid textUnable to perform Translation:invalid textUnable to perform Translation:invalid text\ "This is not a borrower uses \ the program, he said. Only 29% of people who received letters of invitation are met, according to Williams. He said that borrowers who aren \ 't involved in the program are skeptical, I just noticed this, they lost their jobs or have already left their homes. Unable to perform Translation:invalid textUnable to perform Translation:invalid textFannie Mae \ 's future Unable to perform Translation:invalid textRegulators seized Fannie Mae and smaller rival Freddie Mac a year ago under the concern that its capital was not \ 't enough to withstand an increased suffering on those loans. Unable to perform Translation:invalid textUnable to perform Translation:invalid textUnable to perform Translation:invalid textSociety, surviving off Lifeline $ 400 billion by the U.S. Treasury Department, and since then, rescue Advance in a leadership role in Obama \ 'of homeowners, that even with a mortgage refinancing at low cost and withdrawal of undertakings lending to certain rules Unable to perform Translation:invalid textUnable to perform Translation:invalid textUnable to perform Translation:invalid textCompanies, market manager of the 5.2 trillion debt of the United States for mortgages, have a combined $ 165.3 billion in the quarter, net losses over the past two years, booked or requested and received 95 6 billion aid from the taxpayers 'money' from the month of November. Unable to perform Translation:invalid textUnable to perform Translation:invalid textUnable to perform Translation:invalid textWilliams, when asked after the speech focused on the future of the Washington-based Fannie Mae, the eventual status of shareholders or to discuss the company \ 's past, taking into account a combination of actions.