Fannie Mae (FNMA)

[Patswil]

PIMCO and other investors won't buy private label MBS without GSE
READ THIS WITH OPEN EYES CRAPO :

THE UPWARD is starting now.

"According to CEO Hodge - PIMCO has no "appetite" for MBS that don't have GSE guarantees, because the protections offered to investors in non-GSE backed MBS, known as "private label" securities, proved to have no teeth.

If PIMCO and other investors won't buy private label MBS and the Johnson Crapo bill winds down Fannie and Freddie, the vast majority of the mortgage market would go away, making it far more difficult for most Americans to buy homes."

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