Fannie Mae-No Politics (FNMA)

[obiterdictum]

Obi,

If you don't understand what I put forth. You don't understand amortization schedules and how simple interest works.

What I have presented is the factual draws and interest payments recast to reflect 5% on a quarterly basis -v the 10% and then NWS for the entirety of the relationship as stated in Cap's 491.

What you failed to do is apply the payments already made that would reduce the principal far faster than the schedule you put forth. In Home Lending, its just a prepayment. That you failed to reflect.

See these posts::
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128242823 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128242147