The Single-Family segment generates revenue primarily from the guaranty fees on the mortgage loans underlying guaranteed single-family Fannie Mae mortgage-backed securities.
Underlying this guarantee, of course, is the further assumption that there are no "contradictions in nature".
We demonstrate the significance of parameter risk, model risk, as well as the systematic mortality risk component underlying the guarantee.
Second, much of the funding will come not from the Treasury but from borrowing against Network Rail's regulated asset base, with underlying government guarantees.
Without seeking to predict the direction of changes in Supreme Court doctrine, the Board urges as a policy matter that the government consider how to preserve underlying constitutional guarantees in the face of modern communications technology and surveillance capabilities.
The public policy underlying the constitutional guarantee of that freedom is so great as to outweigh the desirability of convicting those whose crime has been revealed through an unlawful invasion of their right to privacy.
One of the main results are conditions on the rate of decay, depending on geometric properties of the underlying manifold, that guarantee the existence and completeness of the wave operators.
In the period between the swearing of the jury and the swearing of the first witness, the concerns underlying the constitutional guarantee against double jeopardy are simply not threatened in any meaningful sense, even on the least sanguine of assumptions about prosecutorial behavior.
Being unlike the classic robust control with ℓ2-gain performance, the robustness of the underlying systems is guaranteed by means of ℓ1-gain performance.
As with much else involving the global economic and financial crisis, however, the public will be the last to be enlightened when the rationale underlying the decision to guarantee all the financial obligations of Fannie Mae and Freddie Mac to infinity can no longer be suppressed.
As noted earlier, the underlying algorithms do not guarantee time-consistent solutions because finding such solutions is NP-hard (Ovadia et al., 2011).
