Replies to post #34656 on Fannie Mae-No Politics (FNMA)

[jackticker]

Thanks for the explanation, that makes more sense.

[IL Padrino]

Steel,
So if I translate that to english, I think that means if I make $100K, but lose $100K, I can offset the losses. But if I lose $105K, the most I can claim is $103K.

Is that about right or am I off track there?