ben is still on a mission..heard from a banker last nite that if a bank makes a loan with fannie mae backing and it defaults, the bank gets a 300% penalty ,so a 300k loan default, the bank pays fannie 900kQuote from trickshot:
Yea... looks like the assault on that support is over for now.
Quote from Trvlwanderer:
tl

Quote from ammo:
ben is still on a mission..heard from a banker last nite that if a bank makes a loan with fannie mae backing and it defaults, the bank gets a 300% penalty ,so a 300k loan default, the bank pays fannie 900k