Fannie Mae-No Politics (FNMA)

[ron_66271]

Asset Backed Securities are Asset Backed!

Example;
The WMB Notes were backed by $26 Billion in assets to cover ~$13 Billion in Bonds.

Using the 11.9% loss rate established by Globic is;
$26B x (1-.119) = $22.906B to cover the WMB Covered Notes. The Notes assets paid for themselves.
Hence; Covered!
Job DONE!

Similar theme for the WMI Series R.
I have already explained/proven the Series R performance payments.

The same thing for all F&F’s asset backed Preferred's.
Covered and insured.


Or prove me wrong! 🤪



Ron