26.9 26.7 27.0 27.3 27.3 46.4 46.3 44.9 44.0 44.1 26.7 27.0 27.9 28.7 28.6 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2013 2014 2015 2016 2017 MV% FHLMC FNMA GNMA Conv 30y 55.1% Conv 20y 3.5% Conv 15y 12.3% Hybrid ARM 0.6% GNMA 30y 27.8% GNMA 15y 0.6%