Replies to post #382237 on Fannie Mae-No Politics (FNMA)

[obiterdictum]

Obi,

If you don't understand what I put forth. You don't understand amortization schedules and how simple interest works.

What I have presented is the factual draws and interest payments recast to reflect 5% on a quarterly basis -v the 10% and then NWS for the entirety of the relationship as stated in Cap's 491.

What you failed to do is apply the payments already made that would reduce the principal far faster than the schedule you put forth. In Home Lending, its just a prepayment. That you failed to reflect.

See these posts::
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128242823 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128242147

[Donotunderstand]

?
but so far it has been dividends

we would indeed be in far better shape if payments were payments of interest and principal with a declining balance loan

and maybe a law suggest to change what is -- to that

but for now - it has all been declared dividends (which has zero impact on amount of preferred share value that would still need to be called --- OR CONSIDERED PAID OFF via a negotiation based on math that compares it to a loan

but for now the GOV position is nothing is paid back