GSE Only Shares in Losses for its Activities in Programs. The sharing of Program Losses will be structured between Treasury and each GSE separately. A GSE will only share in Program Losses realized on the New Issue Bonds backing the GSE Securities issued by that GSE and on losses realized on that GSE’s portion of the Temporary Credit and Liquidity Facilities. Neither GSE will share in Program Losses allocable to the other GSE.
Appears in 7 contracts
Samples: New Issue Bond Program Agreement (Federal National Mortgage Association Fannie Mae), New Issue Bond Program Agreement (Federal Home Loan Mortgage Corp), Administration Agreement (Federal Home Loan Mortgage Corp)
