Four big lenders accounted for 26.5% of mortgage-backed securities backed by federal agencies in the first half, according to an industry newsletter.

Norwest Mortgage, Countrywide Home Loans, Chase Manhattan Mortgage, and Fleet Mortgage Corp. issued a combined $65.6 billion of the $247.5 billion in securities guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae in the first half. The data, which reflects volume by the 200 largest lenders, was compiled by Mortgage Marketplace, an American Banker newsletter.

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