The Underwhelming Frannie Loan-Mod Plan [View article]
"The resulting Fannie Mae MBS carries a guarantee of timely payment of principal and interest to the investor, whether or not there is sufficient cash flow from the underlying group of mortgages."
What is the effect on the MBS holders? Who makes up the difference?
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"The resulting Fannie Mae MBS carries a guarantee of timely payment of principal and interest to the investor, whether or not there is sufficient cash flow from the underlying group of mortgages."
Nov 11 19:05 pm
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All Comments by AnonymousAlso »The Underwhelming Frannie Loan-Mod Plan [View article]
What is the effect on the MBS holders? Who makes up the difference?