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FNMA - Mortgage forbearance won't be credit event for MBS investors JPM says
Fannie Mae
Even with the forbearance to homeowners that's included in coronavirus-related legislation, the explicit Ginnie Mae wrap and GSEs' line of credit at the U.S. Treasury will protect the timely payment of principal and interest to mortgage backed securities investors, write JPMorgan MBS analysts Brian Ye, Alex Kraus, and Nicholas Maciunas.
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