Fannie Mae-No Politics (FNMA)

[capitalismforever]

They buy and sell the mortgages and guarantee the payments. they retain some of the assets but most go into consolidated trusts where they earn the guarateed fees.

Yes, I'm well aware of this. They do not own the consolidated trusts. They've always been in the 10-k. In 2010 because of GAAP rule changes, they consolidated these off-balance sheet items. They never owned them prior to 2010 and they still don't own them today.