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Post# of 794617
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YanksGhost

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Re: Robert from yahoo bd post# 629057

Thursday, 08/27/2020 9:11:46 AM

Thursday, August 27, 2020 9:11:46 AM

Post# of 794617
MC stated that maybe $1 B of the $6 B would be allocated to servicers. It's all very sketchy. The cost of loan modifications is borne by the servicer, not FnF.

No interest accrual basis is spec'd by FHFA, and any such arrangement would be between the servicer and mortgagee.

FnF would have no interest expense in paying MBS coupons with a zero Fed rate at the borrowing window.
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