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Post# of 869357
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Robert from yahoo bd

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Robert from yahoo bd

Re: CNorris2 post# 777967

Friday, 12/15/2023 8:42:34 PM

Friday, December 15, 2023 8:42:34 PM

Post# of 869357
Yes, Fannie Mae and Freddie Mac would purchase each others MBS as well as Ginnie Mae MBS. They each had huge Mortgage Portfolios on their books as Assets, financed them with Fannie Mae and Freddie Mac issued debt, and made like a 121 basis point spread.

This helped keep MBS Guarantee fees low and around 20bps to 25bps compared to 60bps today.

Todays near tripling of GFees is passed through to each home buyer and home mortgage refinancing.
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