Fannie Mae-No Politics (FNMA)

[blownaccount9]

Article is sort of garbage when it comes to breaking down the numbers. Yes they have 2% liability coverage, but those liabilities are almost always have at a minimum 20% loan to value coverage. So homeowners take the first hit and then if their value drops further then that they can consider declaring bankruptcy and walking away. Almost no one would do that though I imagine once rates drop refinancing should result in lowering payments enough that there won’t be a flood of bankruptcies.