In separate testimony to Financial Crisis Inquiry Commission, officers of Clayton Holdingsthe largest residential loan due diligence and securitization surveillance company in the United States and Europetestified that Clayton's review of over 900,000 mortgages issued from January 2006 to June 2007 revealed that scarcely 54% of the loans met their originators' underwriting standards. The analysis (conducted on behalf of 23 investment and commercial banks, including 7 "too big to fail" banks) additionally showed that 28% of the sampled loans did not meet the minimal standards of any issuer. Clayton's analysis further showed that 39% of these loans (i.e. those not meeting any issuer's minimal underwriting standards) were subsequently securitized and sold to investors.
If it is possible to answer this question, answer it for me (else, reply "unanswerable"): According to Clayton Holdings, how many mortgages issued from January 2006 to June 2007 met underwriting standards?
54%