Fannie Mae-No Politics (FNMA)

[ron_66271]

U.S. Treasury. $13 Trillion in Residential Mortgages.

In 2008.

Now what is the number for residential mortgage, or RMBS generated by F&F?

The FDIC has accounted for $2 Trillion in RMBS securitized by WMB in 2008. Of which $500 Billion was sold to F&F.

WMB securitized $2 Trillion in RMBS.
But WMB doesn’t have $2 Trillion in Bonds and Preferred’s offerings in RMBS.

The WMB Notes of $13 Billion is covered by $26 Billion in securities.
Same with the WMI Series R Preferred. $3 Billion offerings covered by $6 Billion.

This was actually common practice for the Lenders to protect the payment to the CERT holders (certificates holders).

I probably wasted my time responding to your post.



Ron