Three Problems with the Fannie / Freddie Mortgage Modifications [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...."
Does this plan change the guarantees to the bondholders? Or who makes up the difference?
Three Problems with the Fannie / Freddie Mortgage Modifications [View article]
Does this plan change the guarantees to the bondholders? Or who makes up the difference?