Replies to post #407586 on Fannie Mae-No Politics (FNMA)

[DownWithPumpers]

They were indeed worth trillions in 2004. The trusts are nothing new.

http://www.fanniemae.com/resources/file/ir/pdf/quarterly-annual-results/2004/2004_form10K.pdf

The MBS that FNMA created are backed by trusts, which is the bundle of mortgages that FNMA bought.