There has been some confusion over first-quarter figures at Fannie Mae, Freddie Mac and the Federal Housing Administration. But one thing is indisputable: the mortgage market is still on government life support.

At a Mortgage Bankers Association conference on Monday in New York, FHA Commissioner David Stevens caused a stir by saying his agency insured more loans than Fannie and Freddie purchased during the first quarter, "a shocking statement." He cited Washington consulting firm Potomac Partners for the data.

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