2004 could very well go down in the books as the year that the mortgage market showed strong signs that it could get along – perhaps quite well – without the GSEs. According to data compiled by Inside The GSEs, the share of new mortgage originations that was funneled to Fannie Mae, Freddie Mac, and the Federal Home Loan Banks plummeted to a low of just 32.5 percent last year. That’s a precipitous drop from…