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Federal National Mortgage Association Message Board

  • magalo555 magalo555 Mar 21, 2013 2:28 PM Flag

    Will someone explain to me

    Do I have this correctly. FNMA owes the government several billion. After that preferred holders ahead of common. If FNMA announces good ongoing earnings and is able to pay the government back a decent sixed piece of their bill and they are not broken up,,,isn't there a decent turnaround in store? I am in the mortgage business and business has been good and will be even better if some restrictions are lifted. Also I will say for 100% certainty the loans made over the past 4 years have been underwritten so much better that the "boom" days. What am I missing in the Fannie story?

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