Replies to post #421977 on Fannie Mae-No Politics (FNMA)

[RCChristian]

Oh thats it?!? Government takes a small fee/cut of the transaction!!?? LOL then all is good as they should take a little. Implicit just means government guarantees the loan no matter what and explicit means it guarantees the loan through an explicit agreement like a fee/contract. Ok makes sense. Thank you