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Loan Modification

: Mortgage Lender Implode-o-Meter

Fantasy Estimate: GSE Could Cost US Up To $53 Billion Over Next Decade

By Implode-Explode Heavy Industries

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" Fannie & Freddie have guarantee exposure to about $5.6 trillion ($5,600 billion) of existing mortgages. Wouldn?t that imply over 99-cents to the dollar recovery in the next 10 years for that principal and interest representing half the nation?s real estate book?"

Full post as published by Mortgage Lender Implode-o-Meter on September 18, 2010 (boomark / email).

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