Replies to post #742188 on Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

That was my understanding as well, HENCE THE GSES MBS FEDERAL GOVERNMENT GUARANTEE IS NOT EXPLICIT RATHER IT IS IMPLICIT!

Much to our good friends dislike in the Financial Establishment ;-) !

This has historically (pre 14+ year CONservatorship) been a MAJOR reason for the having the Private Capital in a 1st Loss Position/Public Mission structure of the GSES.