Table 4  
               
         GSE Market Share: By Borrower Income Category
 
                         Chicago PMSA - 1998 


 Loan Originations: Number of conventional home purchase loans and 
        conventional refinancing loans originated in 1998 by HMDA
        reporters (excluding loans above $227,000 -- the Fannie Mae
        and Freddie Mac loan-size ceiling in 1998).  

 GSE Purchases: Number of home purchase loans and refinancing loans
        purchased in 1998 by Fannie Mae and Freddie Mac in 1998.

 GSE Market Share: GSE purchases as a percentage of loan originations. 

 Low Income: Borrower income < 50% of PMSA MFI  
 Moderate Income: Borrower income >= 50% and < 80% of PMSA MFI                 
 Lower-Middle Income: Borrower income >= 80% and < 100% of PMSA MFI                  
 Upper-Middle Income: Borrower income >= 100% and < 120% of PMSA MFI                     
 Upper Income: Borrower income >= 120% of PMSA MFI
                      



Borrower                                                 GSE
Income                     Loan            GSE          Market
Category               Originations     Purchases       Share

       
 Low                       20851          10631         50.99

 Moderate                  64537          40351         62.52

 Lower-Middle              51595          35614         69.03 

 Upper-Middle              46936          34438         73.37

 Upper                    119538          92206         77.14



 Income not reported       12568           4552         36.22


PMSA Total                316025         217792         68.92