Fannie Mae-No Politics (FNMA)

[ron_66271]

I Think You Missed One of My Posts.

“Key Point by Investopedia

• Financial guarantors, who promise to reimburse investors for any losses on the CDO tranches in exchange for premium payments.

Most of if not all Prospectus of ABS/RMBS are required to be insured.

Hence; the losses are covered.
Insured Bonds.”

‘Financial guarantors’ third party. The Trustees.

AIG, JPM Investments, DB as WMB Trustee.
Remember the DB/WMB Case in California?

I know that WaMu didn’t have Synthetic Derivatives.



Ron