Fannie Mae Preferred S (FNMAS)

[Ace_of_Wands]

Actually, njm, jstock, correct me where I'm wrong here. While dripping the conforming loan limit forces higher value loans into the private market, wouldn't mbs investors rather avoid them for lack of now-explicit guarantee afforded by gses?

Is it a question of guarantee, or depth of field for the "little big" private mbs issuers?

Like I said, where I'm wrong, not if, lol.