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re: Fannie Mae Reports Massive Q3 Loss, Asks For Another $15 Bil
Posted on 11/5/09 at 9:30 pm to kfizzle85
Posted on 11/5/09 at 9:30 pm to kfizzle85
quote:
FWIW:
quote:
, Fannie Mae MBS held by third parties and other credit enhancements that we provide on mortgage assets, was $3.2 trillion as of June 30, 2009, or approximately 26.9% of total U.S. residential mortgage debt outstanding.
From teh Q.
I'm guessing the number you're thinking of that's much higher than that is the % of mortgage originations they comprise now?
1
Posted on 11/5/09 at 9:35 pm to Reauxhan
No, just that number that compromises FNM FRE and GNM.
ETA: GSE's don't orginate any mortgages. Again, per the Q:
ETA: GSE's don't orginate any mortgages. Again, per the Q:
quote:
Under our charter, we may not lend money directly to consumers in the primary mortgage market.
This post was edited on 11/5/09 at 9:37 pm
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