Fannie Mae and Freddie Mac are likely to remain key participants in the mortgage market as the private label securities market struggles to revive, according to a Fitch Ratings report.

Nine out of 10 mortgages still have some form of government backing, which means the GSEs remain the biggest players in U.S. mortgage market. Fannie Mae and Freddie Mac's key role in the housing market recovery makes it less likely that reforms to these government sponsored agencies will come in the near future, according to a Fitch Ratings report.

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