【CNBC】Here’s how China could crush the U.S. housing market

• At the end of January, foreign countries owned $1.32 trillion worth of U.S. mortgage-backed securities, or 15% of the total outstanding, according to Ginnie Mae.
• “If China wanted to hit us hard, they could unload Treasurys. Is that a threat? Sure it is,” said Guy Cecala, executive chair of Inside Mortgage Finance.
• Selling of MBS by foreign entities could further spook the mortgage market.

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