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> Are they turning around and selling the note to Fannie or Ginnie Mae? No, they're well beyond the conforming loan limits, even in "high-cost areas". https:/
by jpmattia 10y ago
> Are they turning around and selling the note to Fannie or Ginnie Mae?
No, they're well beyond the conforming loan limits, even in "high-cost areas".
https://en.wikipedia.org/wiki/Conforming_loan https://en.wikipedia.org/wiki/Conforming_loan
As I work through this thread, I'm wondering how the banks are structuring the liability (additional assets of the borrower are exposed?), or whether a new set of bagholders has been found (the taxpayers last time, hopefully not again.)
- elgabogringo 10y agoI'm wondering how the banks are structuring the liability Yeah, that's what is I was wondering as well. They aren't selling those 1M+ 0% down to GSE's, but maybe somebody on wall street? If not, is it on their books? And yes, what is collateral? Just the property itself?