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Re: clarencebeaks21 post# 742188

Wednesday, 12/14/2022 1:41:44 PM

Wednesday, December 14, 2022 1:41:44 PM

Post# of 798555
That was my understanding as well, HENCE THE GSES MBS FEDERAL GOVERNMENT GUARANTEE IS NOT EXPLICIT RATHER IT IS IMPLICIT!

Much to our good friends dislike in the Financial Establishment wink !

This has historically (pre 14+ year CONservatorship) been a MAJOR reason for the having the Private Capital in a 1st Loss Position/Public Mission structure of the GSES.