Subprime home mortgages have regained the market share they held before the current crisis, according to the Federal Reserve Bank of San Francisco, AFP reports. John Krainer, a senior economist at the Fed, said that the share of borrowers with FICO credit scores below 660 has climbed to above 20%, just where it was when subprime securitization peaked three years ago. The difference now, he said, is that government-sponsored entities---Fannie Mae, Freddie Mac and Ginnie Mae—now own or guarantee almost 95% of the new residential mortgage lending.

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