InvestorsHub Logo
Followers 0
Posts 5082
Boards Moderated 0
Alias Born 08/26/2012

Re: None

Tuesday, 08/09/2016 10:59:21 AM

Tuesday, August 09, 2016 10:59:21 AM

Post# of 800820
$4.6 billion in self-originated MBS packaged and sold by JPMorgan with no guarantees from Fannie or Freddie in direct competition with the GSEs.


Fannie/Freddie guarantee fees were doubled making it cheaper for big banks to insure their own loan paper and sell it outside the traditional FnF marketplace.

JMHO.