Fannie Mae (FNMA)

[Bruce A Thompson]

Tim,

I found, in FNMA quarterly filings, a grouping of tables showing Alt-A and Subprime investments purchases and performance. I am not an accountant. You should have someone compare those investments on a monthly basis. I did see a loss in the 8/6/09 Q of $16 billion on those investments and a principal balance of $95 billion. That would lead me to believe that most, if not all were non-performing. It would be interesting to note how much the Treasury draw for that period was.

Here is a link to get you started: http://phx.corporate-ir.net/phoenix.zhtml?c=108360&p=irol-secQuarterly&control_SelectGroup=Quarterly%20Filings

The Alt-A and Subprime tables seem to start around table 20-30. This information is from the FNMA PUBLIC FILINGS. Also, FNMA should have ZERO Alt-a and Subprime investments.

That is not what they do.

http://timhoward717.com/2014/07/24/setting-the-stage/comment-page-1/#comment-1447