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Fannie measures its credit losses in basis points — hundredths of a percentage point — of outstanding mortgages.
One thing to remember about gifts: the recipient does not get the step up in basis discussed above.
This "artificial step-up in basis" is $1.3 million to any heir and $3 million to a surviving spouse.
The overall losses are not directly proportional to the move in basis points because of the complexity of the trade.
The Obama Administration has recently called for eliminating the "step-up in basis" and other tax dodges that benefit the ultra-wealthy.
The scale is in basis points; it would cost you around $250,000 a year to insure $10m of debt at the moment (point 15 on the chart).
Similar(27)
The group meets two Sundays a month, and participation is on a drop-in basis.
It is given on a walk-in basis, which means anybody who comes in can take it.
It's run on a drop-in basis so there's no need to book, and all activities are free.
Children and their parents participate in hands-on projects and story time on a drop-in basis.
MADISON Museum of Early Trades and Crafts "Smart Start," hands-on projects and story time on a drop-in basis.
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