Replies to post #777956 on Fannie Mae-No Politics (FNMA)

[CNorris2]

Wrong . Avg credit score is at best low 700, I want to say 720 but I’m not looking it up and I’ve been on a plane all day.
Tell you what sparky to save time. What is the total amount of mbs owned by the 25 biggest banks and thrifts. Ready set go….
Then I’m going to ask you pull the publicly trade private equity firms like blackstone. Then after that I’m going to ask some random question about who was tasked to liquidate SBV’s portfolio of mbs… hint blackstone.
Then I’ll ask a macro question on whether or not you think the FED is still buying MBS. Then I will direct you back to understanding fractional reserve and ask what percentage of mortgages are held in portfolio at banks. Finally I will then ask why do GSEs trade at AAA and direct you a very big thick black book at Barnes and Noble about fixed income analysis it’s a classic and it’s cousin about equity analysis was written by the OG himself.
Dont be myopic, see past the single rung that Fnma and Fmcc on and then understand the whole system.
Capital