{"id":560,"date":"2026-04-02T22:42:42","date_gmt":"2026-04-02T13:42:42","guid":{"rendered":"https:\/\/lifeis-picnic.com\/?p=560"},"modified":"2026-04-02T22:42:42","modified_gmt":"2026-04-02T13:42:42","slug":"fannie-mae-freddie-mac-investment-risk","status":"publish","type":"post","link":"https:\/\/lifeis-picnic.com\/en\/fannie-mae-freddie-mac-investment-risk\/","title":{"rendered":"\ud328\ub2c8\uba54\uc774 \ud504\ub808\ub514\ub9e5 \uc8fc\uac00 \uc804\ub9dd\uacfc \ube4c \uc560\ud06c\uba3c\uc758 10\ubc30 \uc218\uc775 \uc2dc\ub098\ub9ac\uc624 \ubd84\uc11d"},"content":{"rendered":"<p data-path-to-node=\"1\">\uc548\ub155\ud558\uc138\uc694. Wealth Builder\uc785\ub2c8\ub2e4.<\/p>\n<p data-path-to-node=\"2\">\ucd5c\uadfc \uc6d4\uac00\uc758 \uac70\ubb3c \ube4c \uc560\ud06c\uba3c\uc774 \ubbf8\uad6d\uc758 \uc591\ub300 \uc8fc\ud0dd\uae08\uc735\uacf5\uc0ac\uc778 **\ud328\ub2c8\uba54\uc774(Fannie Mae)**\uc640 **\ud504\ub808\ub514\ub9e5(Freddie Mac)**\uc744 \ucf55 \uc9d1\uc5b4 &#8220;\ube44\uc815\uc0c1\uc801\uc73c\ub85c \uc2fc \uac00\uaca9\uc774\uba70 10\ubc30 \uc0c1\uc2b9\uc774 \uac00\ub2a5\ud558\ub2e4&#8221;\uace0 \ubc1c\uc5b8\ud574 \uc2dc\uc7a5\uc758 \uc774\ubaa9\uc774 \uc3e0\ub9ac\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc774\uc5d0 \ub530\ub77c \ub9ce\uc740 \ud55c\uad6d\uc758 \ud22c\uc790\uc790 \ubd84\ub4e4\ub3c4 \uc774 \uc885\ubaa9\uc5d0 \uad00\uc2ec\uc744 \uac00\uc9c0\uace0 \uacc4\uc2e4 \ud150\ub370\uc694.<\/p>\n<p data-path-to-node=\"3\">\ud558\uc9c0\ub9cc \uacb0\ub860\ubd80\ud130 \ub9d0\uc500\ub4dc\ub9ac\uba74, \uc774 \ud22c\uc790\ub294 \uc804\ud1b5\uc801\uc778 \uc6b0\ub7c9\uc8fc \uac00\uce58 \ud22c\uc790\uac00 \uc544\ub2cc <b data-path-to-node=\"3\" data-index-in-node=\"41\">\ucca0\uc800\ud55c &#8216;\uc815\uce58\uc801 \uc774\ubca4\ud2b8 \ub4dc\ub9ac\ube10(Event-driven)&#8217; \uc804\ub7b5<\/b>\uc785\ub2c8\ub2e4. \uc624\ub298\uc740 \ub450 \uae30\uc5c5\uc758 \uc218\uc775 \ubaa8\ub378\ubd80\ud130 \uac00\uc7a5 \uce58\uba85\uc801\uc778 \uc9c0\ubd84 \ud76c\uc11d \ub9ac\uc2a4\ud06c\uae4c\uc9c0 \ub0c9\ucca0\ud558\uac8c \ud574\ubd80\ud574 \ub4dc\ub9ac\uaca0\uc2b5\ub2c8\ub2e4.<\/p>\n<hr data-path-to-node=\"4\" \/>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_55 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\" role=\"button\"><label for=\"item-6a28cc5acd1db\" ><span class=\"\"><span style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input aria-label=\"Toggle\" type=\"checkbox\"  id=\"item-6a28cc5acd1db\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/lifeis-picnic.com\/en\/fannie-mae-freddie-mac-investment-risk\/#1_%ED%8C%A8%EB%8B%88%EB%A9%94%EC%9D%B4_%ED%94%84%EB%A0%88%EB%94%94%EB%A7%A5%EC%9D%80_%EC%96%B4%EB%96%A4_%EA%B8%B0%EC%97%85%EC%9D%B8%EA%B0%80%EC%9A%94\" title=\"1. \ud328\ub2c8\uba54\uc774, \ud504\ub808\ub514\ub9e5\uc740 \uc5b4\ub5a4 \uae30\uc5c5\uc778\uac00\uc694?\">1. \ud328\ub2c8\uba54\uc774, \ud504\ub808\ub514\ub9e5\uc740 \uc5b4\ub5a4 \uae30\uc5c5\uc778\uac00\uc694?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/lifeis-picnic.com\/en\/fannie-mae-freddie-mac-investment-risk\/#2_%ED%8C%A8%EB%8B%88%EB%A9%94%EC%9D%B4_%ED%94%84%EB%A0%88%EB%94%94%EB%A7%A5%EC%9D%80_%EC%96%B4%EB%96%BB%EA%B2%8C_%EB%8F%88%EC%9D%84_%EB%B2%84%EB%8A%94%EA%B0%80\" title=\"2. \ud328\ub2c8\uba54\uc774, \ud504\ub808\ub514\ub9e5\uc740 \uc5b4\ub5bb\uac8c \ub3c8\uc744 \ubc84\ub294\uac00?\">2. \ud328\ub2c8\uba54\uc774, \ud504\ub808\ub514\ub9e5\uc740 \uc5b4\ub5bb\uac8c \ub3c8\uc744 \ubc84\ub294\uac00?<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/lifeis-picnic.com\/en\/fannie-mae-freddie-mac-investment-risk\/#1_%EB%AA%A8%EA%B8%B0%EC%A7%80_%EB%A7%A4%EC%9E%85_%EB%8C%80%EC%B6%9C_%EA%B8%B0%EA%B4%80%EC%97%90_%EC%9C%A0%EB%8F%99%EC%84%B1_%EA%B3%B5%EA%B8%89\" title=\"1) \ubaa8\uae30\uc9c0 \ub9e4\uc785 (\ub300\ucd9c \uae30\uad00\uc5d0 \uc720\ub3d9\uc131 \uacf5\uae09)\">1) \ubaa8\uae30\uc9c0 \ub9e4\uc785 (\ub300\ucd9c \uae30\uad00\uc5d0 \uc720\ub3d9\uc131 \uacf5\uae09)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/lifeis-picnic.com\/en\/fannie-mae-freddie-mac-investment-risk\/#2_%EC%A3%BC%ED%83%9D%EC%A0%80%EB%8B%B9%EC%A6%9D%EA%B6%8CMBS_%EB%B0%9C%ED%96%89_%EB%B0%8F_%EB%B3%B4%EC%A6%9D_%ED%95%B5%EC%8B%AC_%EC%88%98%EC%9D%B5%EC%9B%90\" title=\"2) \uc8fc\ud0dd\uc800\ub2f9\uc99d\uad8c(MBS) \ubc1c\ud589 \ubc0f \ubcf4\uc99d (\ud575\uc2ec \uc218\uc775\uc6d0)\">2) \uc8fc\ud0dd\uc800\ub2f9\uc99d\uad8c(MBS) \ubc1c\ud589 \ubc0f \ubcf4\uc99d (\ud575\uc2ec \uc218\uc775\uc6d0)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/lifeis-picnic.com\/en\/fannie-mae-freddie-mac-investment-risk\/#3_%EC%9E%90%EC%B2%B4_%ED%8F%AC%ED%8A%B8%ED%8F%B4%EB%A6%AC%EC%98%A4_%ED%88%AC%EC%9E%90_%EC%9D%B4%EC%9E%90_%EC%88%98%EC%9D%B5\" title=\"3) \uc790\uccb4 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ud22c\uc790 (\uc774\uc790 \uc218\uc775)\">3) \uc790\uccb4 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ud22c\uc790 (\uc774\uc790 \uc218\uc775)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/lifeis-picnic.com\/en\/fannie-mae-freddie-mac-investment-risk\/#4_%EA%B7%B8%EB%A0%87%EB%8B%A4%EB%A9%B4_%EB%91%90_%EA%B8%B0%EC%97%85%EC%9D%98_%EC%B0%A8%EC%9D%B4%EC%A0%90%EC%9D%80_%EB%AC%B4%EC%97%87%EC%9D%B8%EA%B0%80%EC%9A%94\" title=\"4) \uadf8\ub807\ub2e4\uba74 \ub450 \uae30\uc5c5\uc758 \ucc28\uc774\uc810\uc740 \ubb34\uc5c7\uc778\uac00\uc694?\">4) \uadf8\ub807\ub2e4\uba74 \ub450 \uae30\uc5c5\uc758 \ucc28\uc774\uc810\uc740 \ubb34\uc5c7\uc778\uac00\uc694?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/lifeis-picnic.com\/en\/fannie-mae-freddie-mac-investment-risk\/#3_2008%EB%85%84_%EA%B8%88%EC%9C%B5%EC%9C%84%EA%B8%B0%EC%99%80_%ED%8C%A8%EB%8B%88%EB%A9%94%EC%9D%B4_%ED%94%84%EB%A0%88%EB%94%94%EB%A7%A5_%EC%83%81%EC%9E%A5%ED%8F%90%EC%A7%80%EC%9D%98_%ED%9D%91%EC%97%AD%EC%82%AC\" title=\"3. 2008\ub144 \uae08\uc735\uc704\uae30\uc640 \ud328\ub2c8\uba54\uc774, \ud504\ub808\ub514\ub9e5 \uc0c1\uc7a5\ud3d0\uc9c0\uc758 \ud751\uc5ed\uc0ac\">3. 2008\ub144 \uae08\uc735\uc704\uae30\uc640 \ud328\ub2c8\uba54\uc774, \ud504\ub808\ub514\ub9e5 \uc0c1\uc7a5\ud3d0\uc9c0\uc758 \ud751\uc5ed\uc0ac<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/lifeis-picnic.com\/en\/fannie-mae-freddie-mac-investment-risk\/#1_%EB%AC%B4%EB%B6%84%EB%B3%84%ED%95%9C_%EB%B6%80%EC%8B%A4_%EB%8C%80%EC%B6%9C%EC%84%9C%EB%B8%8C%ED%94%84%EB%9D%BC%EC%9E%84_%EB%A7%A4%EC%9E%85\" title=\"1) \ubb34\ubd84\ubcc4\ud55c \ubd80\uc2e4 \ub300\ucd9c(\uc11c\ube0c\ud504\ub77c\uc784) \ub9e4\uc785\">1) \ubb34\ubd84\ubcc4\ud55c \ubd80\uc2e4 \ub300\ucd9c(\uc11c\ube0c\ud504\ub77c\uc784) \ub9e4\uc785<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/lifeis-picnic.com\/en\/fannie-mae-freddie-mac-investment-risk\/#2_%EB%B6%80%EB%8F%99%EC%82%B0_%EB%B2%84%EB%B8%94_%EB%B6%95%EA%B4%B4%EC%99%80_%EC%A4%84%ED%8C%8C%EC%82%B0\" title=\"2) \ubd80\ub3d9\uc0b0 \ubc84\ube14 \ubd95\uad34\uc640 \uc904\ud30c\uc0b0\">2) \ubd80\ub3d9\uc0b0 \ubc84\ube14 \ubd95\uad34\uc640 \uc904\ud30c\uc0b0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/lifeis-picnic.com\/en\/fannie-mae-freddie-mac-investment-risk\/#3_%EC%B9%98%EB%AA%85%EC%A0%81%EC%9D%B8_%EB%B6%80%EB%A9%94%EB%9E%91_%E2%80%98%EC%A7%80%EA%B8%89_%EB%B3%B4%EC%A6%9DGuarantee%E2%80%99%EC%9D%98_%EB%8D%AB\" title=\"3) \uce58\uba85\uc801\uc778 \ubd80\uba54\ub791: &#8216;\uc9c0\uae09 \ubcf4\uc99d(Guarantee)&#8217;\uc758 \ub36b\">3) \uce58\uba85\uc801\uc778 \ubd80\uba54\ub791: &#8216;\uc9c0\uae09 \ubcf4\uc99d(Guarantee)&#8217;\uc758 \ub36b<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/lifeis-picnic.com\/en\/fannie-mae-freddie-mac-investment-risk\/#4_%EA%B3%BC%EB%8F%84%ED%95%9C_%EB%A0%88%EB%B2%84%EB%A6%AC%EC%A7%80%EB%B9%9A%EC%99%80_%EC%9E%90%EB%B3%B8_%EB%B6%80%EC%A1%B1\" title=\"4) \uacfc\ub3c4\ud55c \ub808\ubc84\ub9ac\uc9c0(\ube5a)\uc640 \uc790\ubcf8 \ubd80\uc871\">4) \uacfc\ub3c4\ud55c \ub808\ubc84\ub9ac\uc9c0(\ube5a)\uc640 \uc790\ubcf8 \ubd80\uc871<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/lifeis-picnic.com\/en\/fannie-mae-freddie-mac-investment-risk\/#3_%EB%B9%8C_%EC%95%A0%ED%81%AC%EB%A8%BC%EC%9D%98_%E2%80%9910%EB%B0%B0_%EC%83%81%EC%8A%B9%E2%80%99_%EC%8B%9C%EB%82%98%EB%A6%AC%EC%98%A4%EC%99%80_%EC%9B%94%EA%B0%80%EC%9D%98_%EB%B2%A0%ED%8C%85\" title=\"3. \ube4c \uc560\ud06c\uba3c\uc758 &#8217;10\ubc30 \uc0c1\uc2b9&#8217; \uc2dc\ub098\ub9ac\uc624\uc640 \uc6d4\uac00\uc758 \ubca0\ud305\">3. \ube4c \uc560\ud06c\uba3c\uc758 &#8217;10\ubc30 \uc0c1\uc2b9&#8217; \uc2dc\ub098\ub9ac\uc624\uc640 \uc6d4\uac00\uc758 \ubca0\ud305<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/lifeis-picnic.com\/en\/fannie-mae-freddie-mac-investment-risk\/#1_%EB%B9%8C_%EC%95%A0%ED%81%AC%EB%A8%BC%EC%9D%B4_10%EB%B0%B0_%EC%83%81%EC%8A%B9%EC%9D%84_%EC%A3%BC%EC%9E%A5%ED%95%98%EB%8A%94_%EC%9D%B4%EC%9C%A0_%ED%88%AC%EC%9E%90_%EC%95%84%EC%9D%B4%EB%94%94%EC%96%B4\" title=\"1) \ube4c \uc560\ud06c\uba3c\uc774 10\ubc30 \uc0c1\uc2b9\uc744 \uc8fc\uc7a5\ud558\ub294 \uc774\uc720 (\ud22c\uc790 \uc544\uc774\ub514\uc5b4)\">1) \ube4c \uc560\ud06c\uba3c\uc774 10\ubc30 \uc0c1\uc2b9\uc744 \uc8fc\uc7a5\ud558\ub294 \uc774\uc720 (\ud22c\uc790 \uc544\uc774\ub514\uc5b4)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/lifeis-picnic.com\/en\/fannie-mae-freddie-mac-investment-risk\/#2_%EB%83%89%EC%A0%95%ED%95%98%EA%B2%8C_%EB%B0%94%EB%9D%BC%EB%B3%B8_%ED%88%AC%EC%9E%90_%EB%A6%AC%EC%8A%A4%ED%81%AC\" title=\"2) \ub0c9\uc815\ud558\uac8c \ubc14\ub77c\ubcf8 \ud22c\uc790 \ub9ac\uc2a4\ud06c\">2) \ub0c9\uc815\ud558\uac8c \ubc14\ub77c\ubcf8 \ud22c\uc790 \ub9ac\uc2a4\ud06c<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/lifeis-picnic.com\/en\/fannie-mae-freddie-mac-investment-risk\/#3_%EA%B1%B0%EB%AC%BC%EB%93%A4%EC%9D%98_%ED%8F%AC%EC%A7%80%EC%85%98_%EB%B3%B4%ED%86%B5%EC%A3%BC_vs_%EC%9A%B0%EC%84%A0%EC%A3%BC\" title=\"3) \uac70\ubb3c\ub4e4\uc758 \ud3ec\uc9c0\uc158: \ubcf4\ud1b5\uc8fc vs \uc6b0\uc120\uc8fc\">3) \uac70\ubb3c\ub4e4\uc758 \ud3ec\uc9c0\uc158: \ubcf4\ud1b5\uc8fc vs \uc6b0\uc120\uc8fc<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/lifeis-picnic.com\/en\/fannie-mae-freddie-mac-investment-risk\/#4_%EB%8B%AC%EC%BD%A4%ED%95%9C_%EC%9C%A0%ED%98%B9_%EC%9D%B4%EB%A9%B4%EC%9D%98_3%EC%A4%91_%EC%A7%80%EB%B6%84_%ED%9D%AC%EC%84%9D_%EB%A6%AC%EC%8A%A4%ED%81%AC\" title=\"4. \ub2ec\ucf64\ud55c \uc720\ud639 \uc774\uba74\uc758 3\uc911 \uc9c0\ubd84 \ud76c\uc11d \ub9ac\uc2a4\ud06c\">4. \ub2ec\ucf64\ud55c \uc720\ud639 \uc774\uba74\uc758 3\uc911 \uc9c0\ubd84 \ud76c\uc11d \ub9ac\uc2a4\ud06c<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/lifeis-picnic.com\/en\/fannie-mae-freddie-mac-investment-risk\/#1_1%EC%B0%A8_%ED%8F%AD%ED%83%84_%EB%AF%B8%EA%B5%AD_%EC%9E%AC%EB%AC%B4%EB%B6%80%EC%9D%98_799_%EC%8B%A0%EC%A3%BC%EC%9D%B8%EC%88%98%EA%B6%8CWarrant\" title=\"1) 1\ucc28 \ud3ed\ud0c4: \ubbf8\uad6d \uc7ac\ubb34\ubd80\uc758 79.9% \uc2e0\uc8fc\uc778\uc218\uad8c(Warrant)\">1) 1\ucc28 \ud3ed\ud0c4: \ubbf8\uad6d \uc7ac\ubb34\ubd80\uc758 79.9% \uc2e0\uc8fc\uc778\uc218\uad8c(Warrant)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/lifeis-picnic.com\/en\/fannie-mae-freddie-mac-investment-risk\/#2_2%EC%B0%A8_%ED%8F%AD%ED%83%84_%EC%88%98%EC%84%9D%EC%9A%B0%EC%84%A0%EC%A3%BCSenior_Preferred_Stock%EC%9D%98_%EB%B3%B4%ED%86%B5%EC%A3%BC_%EC%A0%84%ED%99%98_%EA%B0%80%EB%8A%A5%EC%84%B1\" title=\"2) 2\ucc28 \ud3ed\ud0c4: \uc218\uc11d\uc6b0\uc120\uc8fc(Senior Preferred Stock)\uc758 \ubcf4\ud1b5\uc8fc \uc804\ud658 \uac00\ub2a5\uc131\">2) 2\ucc28 \ud3ed\ud0c4: \uc218\uc11d\uc6b0\uc120\uc8fc(Senior Preferred Stock)\uc758 \ubcf4\ud1b5\uc8fc \uc804\ud658 \uac00\ub2a5\uc131<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/lifeis-picnic.com\/en\/fannie-mae-freddie-mac-investment-risk\/#3_3%EC%B0%A8_%ED%8F%AD%ED%83%84_%EB%AF%BC%EC%98%81%ED%99%94%EB%A5%BC_%EC%9C%84%ED%95%9C_%EC%B2%9C%EB%AC%B8%ED%95%99%EC%A0%81%EC%9D%B8_%EC%8B%A0%EA%B7%9C_%EC%9C%A0%EC%83%81%EC%A6%9D%EC%9E%90IPO\" title=\"3) 3\ucc28 \ud3ed\ud0c4: \ubbfc\uc601\ud654\ub97c \uc704\ud55c \ucc9c\ubb38\ud559\uc801\uc778 \uc2e0\uaddc \uc720\uc0c1\uc99d\uc790(IPO)\">3) 3\ucc28 \ud3ed\ud0c4: \ubbfc\uc601\ud654\ub97c \uc704\ud55c \ucc9c\ubb38\ud559\uc801\uc778 \uc2e0\uaddc \uc720\uc0c1\uc99d\uc790(IPO)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/lifeis-picnic.com\/en\/fannie-mae-freddie-mac-investment-risk\/#4_%EB%B9%8C_%EC%95%A0%ED%81%AC%EB%A8%BC%EC%9D%98_10%EB%B0%B0_%EC%88%98%EC%9D%B5_%EC%8B%9C%EB%82%98%EB%A6%AC%EC%98%A4%EB%8A%94_%EC%96%B4%EB%96%BB%EA%B2%8C_%EA%B0%80%EB%8A%A5%ED%95%9C%EA%B0%80\" title=\"4) \ube4c \uc560\ud06c\uba3c\uc758 10\ubc30 \uc218\uc775 \uc2dc\ub098\ub9ac\uc624\ub294 \uc5b4\ub5bb\uac8c \uac00\ub2a5\ud55c\uac00?\">4) \ube4c \uc560\ud06c\uba3c\uc758 10\ubc30 \uc218\uc775 \uc2dc\ub098\ub9ac\uc624\ub294 \uc5b4\ub5bb\uac8c \uac00\ub2a5\ud55c\uac00?<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/lifeis-picnic.com\/en\/fannie-mae-freddie-mac-investment-risk\/#5_%ED%95%9C%EA%B5%AD%EC%97%90%EC%84%9C_%ED%8C%A8%EB%8B%88%EB%A9%94%EC%9D%B4FNMA_%ED%94%84%EB%A0%88%EB%94%94%EB%A7%A5FMCC_%ED%88%AC%EC%9E%90%ED%95%98%EB%8A%94_%EB%B0%A9%EB%B2%95\" title=\"5. \ud55c\uad6d\uc5d0\uc11c \ud328\ub2c8\uba54\uc774(FNMA), \ud504\ub808\ub514\ub9e5(FMCC) \ud22c\uc790\ud558\ub294 \ubc29\ubc95\">5. \ud55c\uad6d\uc5d0\uc11c \ud328\ub2c8\uba54\uc774(FNMA), \ud504\ub808\ub514\ub9e5(FMCC) \ud22c\uc790\ud558\ub294 \ubc29\ubc95<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/lifeis-picnic.com\/en\/fannie-mae-freddie-mac-investment-risk\/#%EA%B2%B0%EB%A1%A0_%EC%9D%B4%EC%84%B1%EC%9D%84_%EC%B0%BE%EA%B3%A0_%EB%B9%84%EC%A4%91%EC%9D%84_%ED%86%B5%EC%A0%9C%ED%95%98%EB%9D%BC\" title=\"\uacb0\ub860: \uc774\uc131\uc744 \ucc3e\uace0 \ube44\uc911\uc744 \ud1b5\uc81c\ud558\ub77c\">\uacb0\ub860: \uc774\uc131\uc744 \ucc3e\uace0 \ube44\uc911\uc744 \ud1b5\uc81c\ud558\ub77c<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/lifeis-picnic.com\/en\/fannie-mae-freddie-mac-investment-risk\/#FAQ_%EC%9E%90%EC%A3%BC_%EB%AC%BB%EB%8A%94_%EC%A7%88%EB%AC%B8\" title=\"FAQ: \uc790\uc8fc \ubb3b\ub294 \uc9c8\ubb38\">FAQ: \uc790\uc8fc \ubb3b\ub294 \uc9c8\ubb38<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 data-path-to-node=\"3\"><span class=\"ez-toc-section\" id=\"1_%ED%8C%A8%EB%8B%88%EB%A9%94%EC%9D%B4_%ED%94%84%EB%A0%88%EB%94%94%EB%A7%A5%EC%9D%80_%EC%96%B4%EB%96%A4_%EA%B8%B0%EC%97%85%EC%9D%B8%EA%B0%80%EC%9A%94\"><\/span><b data-path-to-node=\"3\" data-index-in-node=\"0\">1. \ud328\ub2c8\uba54\uc774, \ud504\ub808\ub514\ub9e5\uc740 \uc5b4\ub5a4 \uae30\uc5c5\uc778\uac00\uc694?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-path-to-node=\"4\">\uc774 \ub450 \uae30\uad00\uc740 \ubbf8\uad6d\uc758 \uc8fc\ud0dd \uc2dc\uc7a5\uc5d0 \uc720\ub3d9\uc131\uc744 \uacf5\uae09\ud558\uae30 \uc704\ud574 \uc124\ub9bd\ub41c **\uc815\ubd80\ud6c4\uc6d0\uae30\uc5c5(GSE, Government-Sponsored Enterprises)**\uc785\ub2c8\ub2e4.<\/p>\n<ul data-path-to-node=\"5\">\n<li>\n<p data-path-to-node=\"5,0,0\"><b data-path-to-node=\"5,0,0\" data-index-in-node=\"0\">\uc8fc\uc694 \uc5ed\ud560:<\/b> \uc2dc\uc911 \uc740\ud589\uc774\ub098 \ubaa8\uae30\uc9c0 \ub300\ucd9c \uae30\uad00\uc73c\ub85c\ubd80\ud130 \uac1c\uc778\uc758 \uc8fc\ud0dd \ub2f4\ubcf4 \ub300\ucd9c(\ubaa8\uae30\uc9c0)\uc744 \uc0ac\ub4e4\uc778 \ub4a4, \uc774\ub97c \ubb36\uc5b4 \uc8fc\ud0dd\uc800\ub2f9\uc99d\uad8c(MBS)\uc73c\ub85c \ubc1c\ud589\ud574 \ud22c\uc790\uc790\ub4e4\uc5d0\uac8c \ud31d\ub2c8\ub2e4. \uc774\ub97c \ud1b5\ud574 \uc740\ud589\uc740 \uc0c8\ub85c\uc6b4 \ub300\ucd9c\uc744 \ud574\uc904 \uc790\uae08\uc744 \ud655\ubcf4\ud558\uac8c \ub418\uace0, \ubbf8\uad6d \uc8fc\ud0dd \uc2dc\uc7a5\uc774 \uc6d0\ud65c\ud558\uac8c \ub3cc\uc544\uac00\uac8c \ub429\ub2c8\ub2e4.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"5,1,0\"><b data-path-to-node=\"5,1,0\" data-index-in-node=\"0\">2008\ub144 \uae08\uc735\uc704\uae30\uc640 \uc0c1\uc7a5\ud3d0\uc9c0:<\/b> \uc11c\ube0c\ud504\ub77c\uc784 \ubaa8\uae30\uc9c0 \uc0ac\ud0dc \ub2f9\uc2dc, \uc5c4\uccad\ub09c \uaddc\ubaa8\uc758 \ubd80\uc2e4 \ub300\ucd9c\uc744 \ub5a0\uc548\uc73c\uba70 \ud30c\uc0b0 \uc704\uae30\uc5d0 \ucc98\ud588\uc2b5\ub2c8\ub2e4. \uacb0\uad6d \ubbf8\uad6d \uc815\ubd80\uac00 \ucc9c\ubb38\ud559\uc801\uc778 \uacf5\uc801 \uc790\uae08\uc744 \ud22c\uc785\ud574 \uc774\ub4e4\uc744 \uad6c\uc81c\ud588\uace0, \ubbf8 <a href=\"https:\/\/www.fhfa.gov\/\">\uc5f0\ubc29\uc8fc\ud0dd\uae08\uc735\uccad(FHFA)<\/a>\uc758 <b data-path-to-node=\"5,1,0\" data-index-in-node=\"123\">\ubcf4\ud638\uad00\ucc30(Conservatorship, \uc0ac\uc2e4\uc0c1 \uad6d\uc720\ud654)<\/b> \uccb4\uc81c\uc5d0 \ub4e4\uc5b4\uac14\uc2b5\ub2c8\ub2e4. \uc774 \uc5ec\ud30c\ub85c 2010\ub144 \ub274\uc695\uc99d\uad8c\uac70\ub798\uc18c\uc5d0\uc11c \uc0c1\uc7a5 \ud3d0\uc9c0\ub418\uc5b4 \ud604\uc7ac\ub294 \uc7a5\uc678\uc2dc\uc7a5(OTC)\uc5d0\uc11c \uac70\ub798\ub418\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<\/li>\n<\/ul>\n<hr \/>\n<h2 data-path-to-node=\"5\"><span class=\"ez-toc-section\" id=\"2_%ED%8C%A8%EB%8B%88%EB%A9%94%EC%9D%B4_%ED%94%84%EB%A0%88%EB%94%94%EB%A7%A5%EC%9D%80_%EC%96%B4%EB%96%BB%EA%B2%8C_%EB%8F%88%EC%9D%84_%EB%B2%84%EB%8A%94%EA%B0%80\"><\/span><strong>2. \ud328\ub2c8\uba54\uc774, \ud504\ub808\ub514\ub9e5\uc740 \uc5b4\ub5bb\uac8c \ub3c8\uc744 \ubc84\ub294\uac00?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-path-to-node=\"0\">\ud328\ub2c8\uba54\uc774(Fannie Mae)\uc640 \ud504\ub808\ub514\ub9e5(Freddie Mac)\uc758 \ube44\uc988\ub2c8\uc2a4 \ubaa8\ub378\uc740 \uc0ac\uc2e4\uc0c1 <b data-path-to-node=\"0\" data-index-in-node=\"50\">\uac70\uc758 \ub3d9\uc77c<\/b>\ud569\ub2c8\ub2e4.<\/p>\n<p data-path-to-node=\"1\">\ub450 \uae30\uc5c5 \ubaa8\ub450 \uac1c\uc778\uc5d0\uac8c \uc9c1\uc811 \ub300\ucd9c\uc744 \ud574\uc8fc\ub294 \uc77c\ubc18 \uc740\ud589\uc774 \uc544\ub2d9\ub2c8\ub2e4. \uc774\ub4e4\uc740 \ub300\ucd9c \uae30\uad00(\uc2dc\uc911 \uc740\ud589 \ub4f1)\uacfc \ud22c\uc790\uc790\ub4e4 \uc0ac\uc774\uc5d0\uc11c \uc790\uae08\uc744 \uc735\ud1b5\ud574 \uc8fc\ub294 **&#8217;2\ucc28 \ubaa8\uae30\uc9c0 \uc2dc\uc7a5(Secondary Mortgage Market)&#8217;**\uc758 \ub3c4\ub9e4\uc0c1 \uc5ed\ud560\uc744 \ud569\ub2c8\ub2e4.<\/p>\n<p data-path-to-node=\"2\">\uc774\ub4e4\uc758 \ud575\uc2ec \ube44\uc988\ub2c8\uc2a4 \ubaa8\ub378\uc744 3\ub2e8\uacc4\ub85c \ub098\ub204\uc5b4 \uc124\uba85\ud574 \ub4dc\ub9ac\uaca0\uc2b5\ub2c8\ub2e4.<\/p>\n<h3 data-path-to-node=\"3\"><span class=\"ez-toc-section\" id=\"1_%EB%AA%A8%EA%B8%B0%EC%A7%80_%EB%A7%A4%EC%9E%85_%EB%8C%80%EC%B6%9C_%EA%B8%B0%EA%B4%80%EC%97%90_%EC%9C%A0%EB%8F%99%EC%84%B1_%EA%B3%B5%EA%B8%89\"><\/span><b data-path-to-node=\"3\" data-index-in-node=\"0\">1) \ubaa8\uae30\uc9c0 \ub9e4\uc785 (\ub300\ucd9c \uae30\uad00\uc5d0 \uc720\ub3d9\uc131 \uacf5\uae09)<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul data-path-to-node=\"4\">\n<li>\n<p data-path-to-node=\"4,0,0\">\uac1c\uc778\uc774 \uc9d1\uc744 \uc0ac\uae30 \uc704\ud574 \uc2dc\uc911 \uc740\ud589\uc774\ub098 \ubaa8\uae30\uc9c0 \ud68c\uc0ac\uc5d0\uc11c \uc8fc\ud0dd\ub2f4\ubcf4\ub300\ucd9c(\ubaa8\uae30\uc9c0)\uc744 \ubc1b\uc2b5\ub2c8\ub2e4.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"4,1,0\">\uc740\ud589\uc740 \ub300\ucd9c\uc744 \ud574\uc8fc\uace0 \ub098\uba74 \uc790\uae08\uc774 \ubb36\uc774\uac8c \ub418\ub294\ub370, \uc774\ub54c \ud328\ub2c8\uba54\uc774\uc640 \ud504\ub808\ub514\ub9e5\uc774 \uc740\ud589\uc73c\ub85c\ubd80\ud130 \uc774 <b data-path-to-node=\"4,1,0\" data-index-in-node=\"52\">\ubaa8\uae30\uc9c0 \ucc44\uad8c\uc744 \uc0ac\ub4e4\uc785\ub2c8\ub2e4.<\/b><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"4,2,0\">\uc740\ud589\uc740 \ucc44\uad8c\uc744 \ud310 \ub3c8\uc73c\ub85c \ud604\uae08\uc744 \ud655\ubcf4\ud558\uc5ec \ub2e4\uc2dc \uc0c8\ub85c\uc6b4 \uc0ac\ub78c\ub4e4\uc5d0\uac8c \ub300\ucd9c\uc744 \ud574\uc904 \uc218 \uc788\ub294 \uc720\ub3d9\uc131\uc744 \uc5bb\uac8c \ub429\ub2c8\ub2e4. \ubbf8\uad6d \uc8fc\ud0dd \uc2dc\uc7a5\uc774 \uba48\ucd94\uc9c0 \uc54a\uace0 \ub3cc\uc544\uac00\ub294 \uc774\uc720\uac00 \ubc14\ub85c \uc774 \uacfc\uc815 \ub355\ubd84\uc785\ub2c8\ub2e4.<\/p>\n<\/li>\n<\/ul>\n<h3 data-path-to-node=\"5\"><span class=\"ez-toc-section\" id=\"2_%EC%A3%BC%ED%83%9D%EC%A0%80%EB%8B%B9%EC%A6%9D%EA%B6%8CMBS_%EB%B0%9C%ED%96%89_%EB%B0%8F_%EB%B3%B4%EC%A6%9D_%ED%95%B5%EC%8B%AC_%EC%88%98%EC%9D%B5%EC%9B%90\"><\/span><b data-path-to-node=\"5\" data-index-in-node=\"0\">2) \uc8fc\ud0dd\uc800\ub2f9\uc99d\uad8c(MBS) \ubc1c\ud589 \ubc0f \ubcf4\uc99d (\ud575\uc2ec \uc218\uc775\uc6d0)<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul data-path-to-node=\"6\">\n<li>\n<p data-path-to-node=\"6,0,0\">\ub450 \uae30\uc5c5\uc740 \uc0ac\ub4e4\uc778 \uc218\ucc9c, \uc218\ub9cc \uac1c\uc758 \ubaa8\uae30\uc9c0 \ucc44\uad8c\ub4e4\uc744 \ubaa8\uc544 **\uc8fc\ud0dd\uc800\ub2f9\uc99d\uad8c(MBS, Mortgage-Backed Securities)**\uc774\ub77c\ub294 \ub300\uaddc\ubaa8 \uae08\uc735 \uc0c1\ud488\uc73c\ub85c \ubb36\uc5b4\ub0c5\ub2c8\ub2e4.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"6,1,0\">\uadf8\ub9ac\uace0 \uc774 MBS\ub97c \uc804 \uc138\uacc4\uc758 \uae30\uad00 \ud22c\uc790\uc790(\uc5f0\uae30\uae08, \ud380\ub4dc \ub4f1)\uc5d0\uac8c \ud310\ub9e4\ud569\ub2c8\ub2e4.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"6,2,0\"><b data-path-to-node=\"6,2,0\" data-index-in-node=\"0\">\uc218\uc775 \ubaa8\ub378:<\/b> \uc774\ub54c \ud22c\uc790\uc790\ub4e4\uc5d0\uac8c &#8220;\ub9cc\uc57d \uc9d1\uc8fc\uc778\ub4e4\uc774 \ub300\ucd9c\uc744 \uac1a\uc9c0 \ubabb\ud574 \ubd80\ub3c4\uac00 \ub098\ub354\ub77c\ub3c4, \uc6d0\uae08\uacfc \uc774\uc790\ub294 \uc6b0\ub9ac\uac00 \ucc45\uc784\uc9c0\uace0 \uc9c0\uae09\ud558\uaca0\ub2e4&#8221;\ub294 **\ubcf4\uc99d(Guarantee)**\uc744 \uc81c\uacf5\ud569\ub2c8\ub2e4. \uc774 \ubcf4\uc99d\uc744 \uc11c\uc8fc\ub294 \ub300\uac00\ub85c \ubc1b\ub294 **\ubcf4\uc99d \uc218\uc218\ub8cc(G-fee, Guarantee Fee)**\uac00 \ub450 \uae30\uc5c5\uc758 \uac00\uc7a5 \ud06c\uace0 \uc548\uc815\uc801\uc778 \ud575\uc2ec \uc218\uc775\uc6d0\uc785\ub2c8\ub2e4.<\/p>\n<\/li>\n<\/ul>\n<h3 data-path-to-node=\"7\"><span class=\"ez-toc-section\" id=\"3_%EC%9E%90%EC%B2%B4_%ED%8F%AC%ED%8A%B8%ED%8F%B4%EB%A6%AC%EC%98%A4_%ED%88%AC%EC%9E%90_%EC%9D%B4%EC%9E%90_%EC%88%98%EC%9D%B5\"><\/span><b data-path-to-node=\"7\" data-index-in-node=\"0\">3) \uc790\uccb4 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ud22c\uc790 (\uc774\uc790 \uc218\uc775)<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul data-path-to-node=\"8\">\n<li>\n<p data-path-to-node=\"8,0,0\">\uc0ac\ub4e4\uc778 \ubaa8\ub4e0 \ubaa8\uae30\uc9c0\ub97c MBS\ub85c \ub9cc\ub4e4\uc5b4 \ud30c\ub294 \uac83\uc740 \uc544\ub2d9\ub2c8\ub2e4. \uc218\uc775\uc131\uc744 \uc704\ud574 \uc77c\ubd80 \ubaa8\uae30\uc9c0\ub098 \ubc1c\ud589\ud55c MBS\ub97c \uc790\uc2e0\ub4e4\uc758 \ud22c\uc790 \ud3ec\ud2b8\ud3f4\ub9ac\uc624\uc5d0 \uc9c1\uc811 \ubcf4\uc720\ud558\uae30\ub3c4 \ud569\ub2c8\ub2e4.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"8,1,0\"><b data-path-to-node=\"8,1,0\" data-index-in-node=\"0\">\uc218\uc775 \ubaa8\ub378:<\/b> \uc774\ub4e4\uc740 \uc815\ubd80\uac00 \ub4a4\uc5d0 \uc788\ub2e4\ub294 \uc778\uc2dd(\uc815\ubd80\ud6c4\uc6d0\uae30\uc5c5) \ub355\ubd84\uc5d0 \ucc44\uad8c \uc2dc\uc7a5\uc5d0\uc11c \ub9e4\uc6b0 \ub0ae\uc740 \uae08\ub9ac\ub85c \uc790\uae08\uc744 \uc870\ub2ec\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub807\uac8c \uc2f8\uac8c \ube4c\ub9b0 \uc790\uae08\uc73c\ub85c \uc774\uc728\uc774 \ub354 \ub192\uc740 \uc8fc\ud0dd \ubaa8\uae30\uc9c0\ub97c \ubcf4\uc720\ud568\uc73c\ub85c\uc368 \ubc1c\uc0dd\ud558\ub294 **\uae08\ub9ac \ucc28\uc775(\uc608\ub300\ub9c8\uc9c4)**\uc744 \ucc59\uae41\ub2c8\ub2e4.<\/p>\n<\/li>\n<\/ul>\n<h3 data-path-to-node=\"10\"><span class=\"ez-toc-section\" id=\"4_%EA%B7%B8%EB%A0%87%EB%8B%A4%EB%A9%B4_%EB%91%90_%EA%B8%B0%EC%97%85%EC%9D%98_%EC%B0%A8%EC%9D%B4%EC%A0%90%EC%9D%80_%EB%AC%B4%EC%97%87%EC%9D%B8%EA%B0%80%EC%9A%94\"><\/span><b data-path-to-node=\"10\" data-index-in-node=\"0\">4) \uadf8\ub807\ub2e4\uba74 \ub450 \uae30\uc5c5\uc758 \ucc28\uc774\uc810\uc740 \ubb34\uc5c7\uc778\uac00\uc694?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-path-to-node=\"11\">\ud604\uc7ac\ub294 \ube44\uc988\ub2c8\uc2a4 \ubaa8\ub378\uc774 \ub611\uac19\uc9c0\ub9cc, <b data-path-to-node=\"11\" data-index-in-node=\"19\">\uc124\ub9bd \ubc30\uacbd\uacfc \uc8fc\ub85c \uac70\ub798\ud558\ub294 \ub300\uc0c1<\/b>\uc5d0\uc11c \uc57d\uac04\uc758 \uc5ed\uc0ac\uc801 \ucc28\uc774\uac00 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<ul data-path-to-node=\"12\">\n<li>\n<p data-path-to-node=\"12,0,0\"><b data-path-to-node=\"12,0,0\" data-index-in-node=\"0\">\ud328\ub2c8\uba54\uc774 (1938\ub144 \uc124\ub9bd):<\/b> \ub300\uacf5\ud669 \uc774\ud6c4 \uc8fc\ud0dd \uc2dc\uc7a5\uc744 \uc0b4\ub9ac\uae30 \uc704\ud574 \uba3c\uc800 \uc124\ub9bd\ub418\uc5c8\uc2b5\ub2c8\ub2e4. \uc8fc\ub85c \uc6f0\uc2a4\ud30c\uace0, \ubc45\ud06c\uc624\ube0c\uc544\uba54\ub9ac\uce74 \uac19\uc740 <b data-path-to-node=\"12,0,0\" data-index-in-node=\"71\">\ub300\ud615 \uc0c1\uc5c5\uc740\ud589<\/b>\ub4e4\ub85c\ubd80\ud130 \ubaa8\uae30\uc9c0\ub97c \ub9e4\uc785\ud558\ub294 \ub370 \ud2b9\ud654\ub418\uc5b4 \ubc1c\uc804\ud574 \uc654\uc2b5\ub2c8\ub2e4.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"12,1,0\"><b data-path-to-node=\"12,1,0\" data-index-in-node=\"0\">\ud504\ub808\ub514\ub9e5 (1970\ub144 \uc124\ub9bd):<\/b> \ud328\ub2c8\uba54\uc774\uc758 \ub3c5\uc810\uc744 \ub9c9\uace0 \uacbd\uc7c1 \uccb4\uc81c\ub97c \ub3c4\uc785\ud558\uae30 \uc704\ud574 \ud6c4\ubc1c\uc8fc\uc790\ub85c \uc124\ub9bd\ub418\uc5c8\uc2b5\ub2c8\ub2e4. \uc8fc\ub85c \uc9c0\uc5ed \uc800\ucd95\uc740\ud589, \uc2e0\uc6a9\uc870\ud569, \uc911\uc18c\ud615 \ubaa8\uae30\uc9c0 \ud68c\uc0ac \ub4f1 <b data-path-to-node=\"12,1,0\" data-index-in-node=\"91\">\uc18c\uaddc\ubaa8 \ub300\ucd9c \uae30\uad00<\/b>\ub4e4\uc758 \ubaa8\uae30\uc9c0\ub97c \ub9e4\uc785\ud558\ub294 \ub370 \ucd08\uc810\uc744 \ub9de\ucd94\uc5b4 \uc2dc\uc791\ud588\uc2b5\ub2c8\ub2e4.<\/p>\n<\/li>\n<\/ul>\n<hr \/>\n<h2 data-path-to-node=\"10\"><span class=\"ez-toc-section\" id=\"3_2008%EB%85%84_%EA%B8%88%EC%9C%B5%EC%9C%84%EA%B8%B0%EC%99%80_%ED%8C%A8%EB%8B%88%EB%A9%94%EC%9D%B4_%ED%94%84%EB%A0%88%EB%94%94%EB%A7%A5_%EC%83%81%EC%9E%A5%ED%8F%90%EC%A7%80%EC%9D%98_%ED%9D%91%EC%97%AD%EC%82%AC\"><\/span><strong>3. 2008\ub144 \uae08\uc735\uc704\uae30\uc640 \ud328\ub2c8\uba54\uc774, \ud504\ub808\ub514\ub9e5 \uc0c1\uc7a5\ud3d0\uc9c0\uc758 \ud751\uc5ed\uc0ac<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-path-to-node=\"11\">\uadf8\ub807\ub2e4\uba74 \uc65c \uc774\ub807\uac8c \ub3c8\uc744 \uc798 \ubc84\ub294 \ub3c5\uc810 \uae30\uc5c5\uc774 \uc0c1\uc7a5\ud3d0\uc9c0\ub418\uc5b4 \uc7a5\uc678\uc2dc\uc7a5(OTC)\uc744 \ub5a0\ub3cc\uace0 \uc788\uc744\uae4c\uc694?<\/p>\n<p data-path-to-node=\"0\">\uc774 \ub450 \uae30\uc5c5\uc774 2008\ub144 \ud30c\uc0b0 \uc9c1\uc804\uae4c\uc9c0 \ub0b4\ubab0\ub9ac\uba70 \uacb0\uad6d \ubbf8\uad6d \uc815\ubd80\uc758 &#8216;\ubcf4\ud638\uad00\ucc30(\uc0ac\uc2e4\uc0c1 \uad6d\uc720\ud654)&#8217; \uccb4\uc81c\ub85c \ub4e4\uc5b4\uac00\uac8c \ub41c \ud575\uc2ec \uc6d0\uc778\uc740 \ubc14\ub85c **&#8217;\uc11c\ube0c\ud504\ub77c\uc784 \ubaa8\uae30\uc9c0 \uc0ac\ud0dc(Subprime Mortgage Crisis)&#8217;**\uc785\ub2c8\ub2e4.<\/p>\n<p data-path-to-node=\"1\">\uc55e\uc11c \uc124\uba85\ud574 \ub4dc\ub9b0 \uc774\ub4e4\uc758 &#8216;\ube44\uc988\ub2c8\uc2a4 \ubaa8\ub378&#8217;\uc774 \ubd80\ub3d9\uc0b0 \ud638\ud669\uae30\uc5d0\ub294 \uc5c4\uccad\ub09c \ub3c8\uc744 \ubc8c\uc5b4\ub2e4 \uc8fc\uc5c8\uc9c0\ub9cc, \uc2dc\uc7a5\uc774 \ubd95\uad34\ud558\uc790 \uc624\ud788\ub824 \uae30\uc5c5\uc758 \uc228\ud1b5\uc744 \ub04a\ub294 \ub3c5\uc57d\uc73c\ub85c \ub3cc\uc544\uc654\uc2b5\ub2c8\ub2e4. \uadf8 \uce58\uba85\uc801\uc778 \uc5f0\uc1c4 \uc791\uc6a9\uc744 4\uac00\uc9c0\ub85c \ub098\ub204\uc5b4 \uc124\uba85\ud574 \ub4dc\ub9ac\uaca0\uc2b5\ub2c8\ub2e4.<\/p>\n<h3 data-path-to-node=\"2\"><span class=\"ez-toc-section\" id=\"1_%EB%AC%B4%EB%B6%84%EB%B3%84%ED%95%9C_%EB%B6%80%EC%8B%A4_%EB%8C%80%EC%B6%9C%EC%84%9C%EB%B8%8C%ED%94%84%EB%9D%BC%EC%9E%84_%EB%A7%A4%EC%9E%85\"><\/span><b data-path-to-node=\"2\" data-index-in-node=\"0\">1) \ubb34\ubd84\ubcc4\ud55c \ubd80\uc2e4 \ub300\ucd9c(\uc11c\ube0c\ud504\ub77c\uc784) \ub9e4\uc785<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-path-to-node=\"3\">\uc6d0\ub798 \ud328\ub2c8\uba54\uc774\uc640 \ud504\ub808\ub514\ub9e5\uc740 \uc2e0\uc6a9\ub3c4\uac00 \ub192\uace0 \uc6d0\uae08 \uc0c1\ud658 \ub2a5\ub825\uc774 \ud655\uc2e4\ud55c \uc6b0\ub7c9 \ub300\ucd9c(\ud504\ub77c\uc784)\ub9cc \uae50\uae50\ud558\uac8c \uc0ac\ub4e4\uc600\uc2b5\ub2c8\ub2e4.<\/p>\n<ul data-path-to-node=\"4\">\n<li>\n<p data-path-to-node=\"4,0,0\">\ud558\uc9c0\ub9cc 2000\ub144\ub300 \ucd08\uc911\ubc18, \ubbf8\uad6d \uc815\uce58\uad8c\uc740 &#8216;\ubaa8\ub4e0 \uad6d\ubbfc\uc774 \uc9d1\uc744 \uac16\uac8c \ud558\ub77c&#8217;\uba70 \uc774\ub4e4\uc5d0\uac8c \uc800\uc18c\ub4dd\uce35\uc744 \uc704\ud55c \ub300\ucd9c \ub9e4\uc785\uc744 \uc555\ubc15\ud588\uc2b5\ub2c8\ub2e4.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"4,1,0\">\uc5ec\uae30\uc5d0 \uc6d4\uc2a4\ud2b8\ub9ac\ud2b8\uc758 \ud0d0\uc695\uc774 \ub354\ud574\uc84c\uc2b5\ub2c8\ub2e4. \uc2dc\uc911 \uc740\ud589\uacfc \ubaa8\uae30\uc9c0 \ud68c\uc0ac\ub4e4\uc740 \uc2e0\uc6a9\ubd88\ub7c9\uc790\ub098 \uc18c\ub4dd \uc99d\ube59\uc774 \uc5c6\ub294 \uc0ac\ub78c\ub4e4\uc5d0\uac8c\ub3c4 \ubb34\uc9c0\ub3c4 \ub530\uc9c0\uc9c0\ub3c4 \uc54a\uace0 \ub300\ucd9c(\uc11c\ube0c\ud504\ub77c\uc784 \ubc0f Alt-A)\uc744 \ud574\uc92c\uace0, \ud328\ub2c8\uba54\uc774\uc640 \ud504\ub808\ub514\ub9e5\uc740 \uc2dc\uc7a5 \uc810\uc720\uc728\uacfc \uc218\uc775\uc744 \ube8f\uae30\uc9c0 \uc54a\uae30 \uc704\ud574 \uc774 <b data-path-to-node=\"4,1,0\" data-index-in-node=\"135\">\uc704\ud5d8\ud55c \ubd80\uc2e4 \ub300\ucd9c\ub4e4\uc744 \uc5c4\uccad\ub09c \uaddc\ubaa8\ub85c \uc0ac\ub4e4\uc774\uae30 \uc2dc\uc791<\/b>\ud588\uc2b5\ub2c8\ub2e4.<\/p>\n<\/li>\n<\/ul>\n<h3 data-path-to-node=\"5\"><span class=\"ez-toc-section\" id=\"2_%EB%B6%80%EB%8F%99%EC%82%B0_%EB%B2%84%EB%B8%94_%EB%B6%95%EA%B4%B4%EC%99%80_%EC%A4%84%ED%8C%8C%EC%82%B0\"><\/span><b data-path-to-node=\"5\" data-index-in-node=\"0\">2) \ubd80\ub3d9\uc0b0 \ubc84\ube14 \ubd95\uad34\uc640 \uc904\ud30c\uc0b0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-path-to-node=\"6\">2006\ub144\uc744 \uae30\uc810\uc73c\ub85c \ub05d\uc5c6\uc774 \uc624\ub97c \uac83 \uac19\ub358 \ubbf8\uad6d\uc758 \uc9d1\uac12\uc774 \uaebe\uc774\uae30 \uc2dc\uc791\ud588\uace0, \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed)\uac00 \uae08\ub9ac\ub97c \uc778\uc0c1\ud558\uc790 \ud3ed\ud0c4\uc774 \ud130\uc84c\uc2b5\ub2c8\ub2e4.<\/p>\n<ul data-path-to-node=\"7\">\n<li>\n<p data-path-to-node=\"7,0,0\">\uc774\uc790 \ubd80\ub2f4\uc744 \uacac\ub514\uc9c0 \ubabb\ud55c \uc11c\ube0c\ud504\ub77c\uc784 \ub300\ucd9c\uc790\ub4e4\uc774 \ub300\ucd9c\uae08\uc744 \uac1a\uc9c0 \ubabb\ud558\uace0 \uc9d1\uc744 \ud3ec\uae30\ud558\uae30 \uc2dc\uc791\ud588\uc2b5\ub2c8\ub2e4.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"7,1,0\">\uc9d1\uac12\uc740 \ubc18\ud1a0\ub9c9\uc774 \ub0ac\uace0, \ub300\uaddc\ubaa8 \uc5f0\uc1c4 \ucc44\ubb34\ubd88\uc774\ud589(\ub514\ud3f4\ud2b8) \uc0ac\ud0dc\uac00 \ubc8c\uc5b4\uc84c\uc2b5\ub2c8\ub2e4.<\/p>\n<\/li>\n<\/ul>\n<h3 data-path-to-node=\"8\"><span class=\"ez-toc-section\" id=\"3_%EC%B9%98%EB%AA%85%EC%A0%81%EC%9D%B8_%EB%B6%80%EB%A9%94%EB%9E%91_%E2%80%98%EC%A7%80%EA%B8%89_%EB%B3%B4%EC%A6%9DGuarantee%E2%80%99%EC%9D%98_%EB%8D%AB\"><\/span><b data-path-to-node=\"8\" data-index-in-node=\"0\">3) \uce58\uba85\uc801\uc778 \ubd80\uba54\ub791: &#8216;\uc9c0\uae09 \ubcf4\uc99d(Guarantee)&#8217;\uc758 \ub36b<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-path-to-node=\"9\">\uc5ec\uae30\uc11c \uc55e\uc11c \ub9d0\uc500\ub4dc\ub9b0 \uc774\ub4e4\uc758 \ud575\uc2ec \ube44\uc988\ub2c8\uc2a4 \ubaa8\ub378\uc774 \ubb38\uc81c\uac00 \ub429\ub2c8\ub2e4. \ub450 \uae30\uc5c5\uc740 \ubaa8\uae30\uc9c0 \ucc44\uad8c\uc744 \ubb36\uc5b4 \uc8fc\ud0dd\uc800\ub2f9\uc99d\uad8c(MBS)\uc744 \uc804 \uc138\uacc4 \ud22c\uc790\uc790\ub4e4\uc5d0\uac8c \ud314\uba74\uc11c **&#8221;\uc9d1\uc8fc\uc778\uc774 \ub3c8\uc744 \uc548 \uac1a\uc544\ub3c4 \uc6b0\ub9ac\uac00 \ub300\uc2e0 \uac1a\uc544\uc8fc\uaca0\ub2e4&#8221;**\ub77c\uace0 \uc57d\uc18d(\ubcf4\uc99d)\ud588\uc2b5\ub2c8\ub2e4.<\/p>\n<ul data-path-to-node=\"10\">\n<li>\n<p data-path-to-node=\"10,0,0\">\ud3c9\uc18c\ub77c\uba74 \uadf9\uc18c\uc218\uc758 \ubd80\ub3c4\ub9cc \uba54\uc6b0\uba74 \ub418\ub2c8 \uc548\uc804\ud558\uace0 \uc9ed\uc9e4\ud55c \uc218\uc775\uc6d0\uc774\uc5c8\uc9c0\ub9cc, \ubbf8\uad6d \uc804\uc5ed\uc5d0\uc11c \uc218\ubc31\ub9cc \uba85\uc774 \ub3d9\uc2dc\uc5d0 \ub300\ucd9c\uc744 \uac1a\uc9c0 \ubabb\ud558\ub294 \uc0ac\ud0dc\uac00 \ubc8c\uc5b4\uc9c0\uc790 \uc0c1\ud669\uc774 180\ub3c4 \uc5ed\uc804\ub418\uc5c8\uc2b5\ub2c8\ub2e4.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"10,1,0\">\ud22c\uc790\uc790\ub4e4\uc5d0\uac8c \uc57d\uc18d\ud55c \uc6d0\uae08\uacfc \uc774\uc790\ub97c \ub450 \uae30\uc5c5\uc774 <b data-path-to-node=\"10,1,0\" data-index-in-node=\"25\">\uc790\uc2e0\uc758 \uae08\uace0\ub97c \uc5f4\uc5b4 \ubb3c\uc5b4\ub0b4\uc57c \ud558\ub294 \ucc98\uc9c0<\/b>\uac00 \ub41c \uac83\uc785\ub2c8\ub2e4.<\/p>\n<\/li>\n<\/ul>\n<h3 data-path-to-node=\"11\"><span class=\"ez-toc-section\" id=\"4_%EA%B3%BC%EB%8F%84%ED%95%9C_%EB%A0%88%EB%B2%84%EB%A6%AC%EC%A7%80%EB%B9%9A%EC%99%80_%EC%9E%90%EB%B3%B8_%EB%B6%80%EC%A1%B1\"><\/span><b data-path-to-node=\"11\" data-index-in-node=\"0\">4) \uacfc\ub3c4\ud55c \ub808\ubc84\ub9ac\uc9c0(\ube5a)\uc640 \uc790\ubcf8 \ubd80\uc871<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-path-to-node=\"12\">\ub354 \ud070 \ubb38\uc81c\ub294 \uc774\ub4e4\uc774 \uc9ca\uc5b4\uc9c4 \ub9ac\uc2a4\ud06c\uc5d0 \ube44\ud574 \uac00\uc9c0\uace0 \uc788\ub294 &#8216;\uc9c4\uc9dc \ub0b4 \ub3c8(\uc790\ubcf8\uae08)&#8217;\uc774 \ud131\uc5c6\uc774 \ubd80\uc871\ud588\ub2e4\ub294 \uc810\uc785\ub2c8\ub2e4.<\/p>\n<ul data-path-to-node=\"13\">\n<li>\n<p data-path-to-node=\"13,0,0\">\ub2f9\uc2dc \uc774\ub4e4\uc740 \uc790\ubcf8\uae08 \ub300\ube44 \uc218\uc2ed \ubc30\uac00 \ub118\ub294 \ub9c9\ub300\ud55c \ubaa8\uae30\uc9c0 \uc790\uc0b0\uc744 \ubcf4\uc720\ud558\uace0 \ubcf4\uc99d\uc744 \uc11c\uace0 \uc788\uc5c8\uc2b5\ub2c8\ub2e4(\ucd08\uace0\ub3c4 \ub808\ubc84\ub9ac\uc9c0).<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"13,1,0\">\uc6cc\ub099 \ub369\uce58\uac00 \ucee4\uc11c \ube5a\uc744 \uc870\uae08\ub9cc \ubabb \ubc1b\uc544\ub3c4 \ud68c\uc0ac \uc804\uccb4\uac00 \ud718\uccad\uac70\ub9ac\ub294 \uad6c\uc870\uc600\ub294\ub370, \ucc9c\ubb38\ud559\uc801\uc778 \ubcf4\uc99d \uccad\uad6c\uc11c\uac00 \ub0a0\uc544\uc624\uc790 \uc774\ub97c \uac10\ub2f9\ud560 \ud604\uae08\uc774 \ub9d0\ub77c\ubc84\ub838\uc2b5\ub2c8\ub2e4.<\/p>\n<\/li>\n<\/ul>\n<p data-path-to-node=\"15\"><b data-path-to-node=\"15\" data-index-in-node=\"0\">\uacb0\ub860\uc801\uc73c\ub85c<\/b>\u00a0\ud328\ub2c8\uba54\uc774\uc640 \ud504\ub808\ub514\ub9e5\uc740 <b data-path-to-node=\"15\" data-index-in-node=\"19\">\ubd80\ub3d9\uc0b0 \ubd88\ud328 \uc2e0\ud654\uc5d0 \ucde8\ud574 \uc9c8 \ub098\uc05c \ub300\ucd9c\uc744 \ub9c8\uad6c\uc7a1\uc774\ub85c \uc0ac\ub4e4\uc600\uace0, \uc9d1\uac12\uc774 \ud3ed\ub77d\ud558\uc790 \uc804 \uc138\uacc4 \ud22c\uc790\uc790\ub4e4\uc5d0\uac8c \uc57d\uc18d\ud588\ub358 &#8216;\uc9c0\uae09 \ubcf4\uc99d&#8217;\uc744 \uac10\ub2f9\ud558\uc9c0 \ubabb\ud574 \ud30c\uc0b0 \uc704\uae30<\/b>\uc5d0 \ucc98\ud588\uc2b5\ub2c8\ub2e4.<\/p>\n<p data-path-to-node=\"16\">\uc774 \ub450 \uae30\uc5c5\uc774 \ubb34\ub108\uc9c0\uba74 \uc804 \uc138\uacc4 \uae08\uc735 \uc2dc\uc2a4\ud15c\uc774 \ub3c4\ubbf8\ub178\ucc98\ub7fc \ubd95\uad34\ud560 \uac83\uc774 \ubed4\ud588\uae30 \ub54c\ubb38\uc5d0, \uacb0\uad6d 2008\ub144 9\uc6d4 \ubbf8\uad6d \uc815\ubd80(\uc7ac\ubb34\ubd80)\uac00 \uac70\uc758 1,900\uc5b5 \ub2ec\ub7ec\ub77c\ub294 \ucc9c\ubb38\ud559\uc801\uc778 \uad6d\ubbfc \uc138\uae08(\uacf5\uc801 \uc790\uae08)\uc744 \ud22c\uc785\ud574 \uc774\ub4e4\uc744 \uc0b4\ub824\ub0b4\uace0 \uacbd\uc601\uad8c\uc744 \uac15\uc81c\ub85c \ube7c\uc557\ub294 &#8216;\ubcf4\ud638\uad00\ucc30&#8217; \uc870\uce58\ub97c \ucde8\ud558\uac8c \ub41c \uac83\uc785\ub2c8\ub2e4.<\/p>\n<hr data-path-to-node=\"15\" \/>\n<h2 data-path-to-node=\"16\"><span class=\"ez-toc-section\" id=\"3_%EB%B9%8C_%EC%95%A0%ED%81%AC%EB%A8%BC%EC%9D%98_%E2%80%9910%EB%B0%B0_%EC%83%81%EC%8A%B9%E2%80%99_%EC%8B%9C%EB%82%98%EB%A6%AC%EC%98%A4%EC%99%80_%EC%9B%94%EA%B0%80%EC%9D%98_%EB%B2%A0%ED%8C%85\"><\/span><strong>3. \ube4c \uc560\ud06c\uba3c\uc758 &#8217;10\ubc30 \uc0c1\uc2b9&#8217; \uc2dc\ub098\ub9ac\uc624\uc640 \uc6d4\uac00\uc758 \ubca0\ud305<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-path-to-node=\"17\">\ud604\uc7ac \ub450 \uae30\uc5c5\uc740 \uacfc\uac70\uc758 \uc0c1\ucc98\ub97c \ub51b\uace0 \ub9e4\ub144 \uc218\ubc31\uc5b5 \ub2ec\ub7ec\uc758 \uc21c\uc774\uc775\uc744 \ub0b4\ub294 \ucd08\uc6b0\ub7c9 \uae30\uc5c5\uc73c\ub85c \ubd80\ud65c\ud588\uc2b5\ub2c8\ub2e4. \ud558\uc9c0\ub9cc \uc8fc\uac00\ub294 \uc7a5\uc678\uc2dc\uc7a5\uc5d0\uc11c 1~2\ub2ec\ub7ec \uc120\uc758 \ub3d9\uc804\uc8fc(Penny Stock)\uc5d0 \uba38\ubb3c\ub7ec \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<h3 data-path-to-node=\"7\"><span class=\"ez-toc-section\" id=\"1_%EB%B9%8C_%EC%95%A0%ED%81%AC%EB%A8%BC%EC%9D%B4_10%EB%B0%B0_%EC%83%81%EC%8A%B9%EC%9D%84_%EC%A3%BC%EC%9E%A5%ED%95%98%EB%8A%94_%EC%9D%B4%EC%9C%A0_%ED%88%AC%EC%9E%90_%EC%95%84%EC%9D%B4%EB%94%94%EC%96%B4\"><\/span><b data-path-to-node=\"7\" data-index-in-node=\"0\">1) \ube4c \uc560\ud06c\uba3c\uc774 10\ubc30 \uc0c1\uc2b9\uc744 \uc8fc\uc7a5\ud558\ub294 \uc774\uc720 (\ud22c\uc790 \uc544\uc774\ub514\uc5b4)<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-path-to-node=\"8\">\ube4c \uc560\ud06c\uba3c\uc774 \uc774 \uc8fc\uc2dd\ub4e4\uc774 &#8220;\ube44\uc815\uc0c1\uc801\uc73c\ub85c \uc2f8\ub2e4&#8221;\uba70 10\ubc30 \uc0c1\uc2b9\uc744 \uc5b8\uae09\ud55c \ubc30\uacbd\uc5d0\ub294 **&#8217;\ubbfc\uc601\ud654(\ubcf4\ud638\uad00\ucc30 \ud574\uc81c)&#8217;**\uc5d0 \ub300\ud55c \uae30\ub300\uac10\uc774 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<ul data-path-to-node=\"9\">\n<li>\n<p data-path-to-node=\"9,0,0\">\ud604\uc7ac \uc774 \ub450 \uae30\uc5c5\uc740 \ub2e4\uc2dc \ub9c9\ub300\ud55c \ud751\uc790\ub97c \ub0b4\uace0 \uc788\uc9c0\ub9cc, \uad6c\uc81c\uae08\uc735\uc758 \ub300\uac00\ub85c \uc218\uc775\uc758 \ub300\ubd80\ubd84\uc744 \ubbf8\uad6d \uc7ac\ubb34\ubd80\uc5d0 \ubc30\ub2f9\uae08 \ud615\ud0dc\ub85c \ub0a9\ubd80(Net Worth Sweep)\ud574 \uc654\uc2b5\ub2c8\ub2e4.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"9,1,0\">\uc560\ud06c\uba3c\uc744 \ube44\ub86f\ud55c \uae30\uc874 \uc8fc\uc8fc\ub4e4\uc740 &#8220;\uc815\ubd80\uac00 \uc774\ubbf8 \ube4c\ub824\uc900 \ub3c8\uc744 \ub2e4 \ud68c\uc218\ud558\uace0\ub3c4 \uacc4\uc18d \uc774\uc775\uc744 \uac00\uc838\uac00\ub294 \uac83\uc740 \ubd80\ub2f9\ud558\ub2e4&#8221;\uba70 \uc624\ub79c \uae30\uac04 \ubc95\uc801 \ub2e4\ud23c\uc744 \ubc8c\uc5ec\uc654\uc2b5\ub2c8\ub2e4.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"9,2,0\">\ub9cc\uc57d \ubbf8\uad6d \uc815\ubd80\uac00 \uc774\ub4e4\uc758 \ubcf4\ud638\uad00\ucc30\uc744 \uc885\ub8cc\ud558\uace0 <b data-path-to-node=\"9,2,0\" data-index-in-node=\"25\">\ub2e4\uc2dc \ubbfc\uac04 \uae30\uc5c5\uc73c\ub85c \ub3c5\ub9bd\uc2dc\ucf1c \uc815\uc0c1\uc801\uc778 \uc790\ubcf8 \uad6c\uc870\ub97c \uac16\ucd94\uac8c \ud5c8\uc6a9\ud55c\ub2e4\uba74<\/b>, \ud604\uc7ac \uc7a5\uc678\uc2dc\uc7a5\uc5d0\uc11c \ud734\uc9c0\uc870\uac01\ucc98\ub7fc \uac70\ub798\ub418\ub294 \uc8fc\uc2dd\uc758 \uac00\uce58\uac00 \ud3ed\ub4f1\ud560 \uc218 \uc788\ub2e4\ub294 \uac83\uc774 \uc560\ud06c\uba3c\uc758 \ub17c\ub9ac\uc785\ub2c8\ub2e4.<\/p>\n<\/li>\n<\/ul>\n<h3 data-path-to-node=\"11\"><span class=\"ez-toc-section\" id=\"2_%EB%83%89%EC%A0%95%ED%95%98%EA%B2%8C_%EB%B0%94%EB%9D%BC%EB%B3%B8_%ED%88%AC%EC%9E%90_%EB%A6%AC%EC%8A%A4%ED%81%AC\"><\/span><b data-path-to-node=\"11\" data-index-in-node=\"0\">2) \ub0c9\uc815\ud558\uac8c \ubc14\ub77c\ubcf8 \ud22c\uc790 \ub9ac\uc2a4\ud06c<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-path-to-node=\"12\">\ube4c \uc560\ud06c\uba3c\uc740 \ud0c1\uc6d4\ud55c \ud22c\uc790\uc790\uc774\uc9c0\ub9cc, \uadf8\uc758 \ub9d0\ub9cc \ub4e3\uace0 \uc77c\ubc18 \ud22c\uc790\uc790\uac00 \uc123\ubd88\ub9ac \uc811\uadfc\ud558\uae30\uc5d0\ub294 <b data-path-to-node=\"12\" data-index-in-node=\"47\">\ub9e4\uc6b0 \uadf9\ub2e8\uc801\uc778 &#8216;\uace0\uc704\ud5d8 \uace0\uc218\uc775(High Risk, High Return)&#8217; \uc790\uc0b0<\/b>\uc785\ub2c8\ub2e4. \uae30\uc0ac\uc5d0\uc11c\ub294 &#8220;\uc6b0\ub7c9 \uae30\uc5c5\uc744 \ub9e4\uc218\ud560 \uae30\ud68c&#8221;\ub77c\uace0 \ud3ec\uc7a5\ub418\uc5c8\uc9c0\ub9cc, \ud328\ub2c8\uba54\uc774\uc640 \ud504\ub808\ub514\ub9e5\uc758 \ud604 \uc0c1\ud669\uc740 \uc804\ud1b5\uc801\uc778 \uc758\ubbf8\uc758 \uc6b0\ub7c9\uc8fc\uc640\ub294 \uac70\ub9ac\uac00 \uba49\ub2c8\ub2e4.<\/p>\n<ul data-path-to-node=\"13\">\n<li>\n<p data-path-to-node=\"13,0,0\"><b data-path-to-node=\"13,0,0\" data-index-in-node=\"0\">\uae30\uc5c5 \uc2e4\uc801\uc774 \uc544\ub2cc &#8216;\uc815\uce58&#8217;\uc5d0 \ubca0\ud305\ud558\ub294 \ud22c\uc790:<\/b> \uc774 \uae30\uc5c5\ub4e4\uc758 \uc6b4\uba85\uc740 \uc2dc\uc7a5\uc758 \uc218\uc694\ub098 \uae30\uc5c5\uc758 \uacbd\uc7c1\ub825\uc774 \uc544\ub2c8\ub77c, \uc624\ub85c\uc9c0 <b data-path-to-node=\"13,0,0\" data-index-in-node=\"62\">\ubbf8\uad6d \ubc31\uc545\uad00\uacfc \uc7ac\ubb34\ubd80, \uc758\ud68c\uc758 \uc815\uce58\uc801 \uacb0\uc815<\/b>\uc5d0 \ub2ec\ub824 \uc788\uc2b5\ub2c8\ub2e4. \uc815\uad8c\uc774 \ubc14\ub014 \ub54c\ub9c8\ub2e4 \ubbfc\uc601\ud654\uc5d0 \ub300\ud55c \uc2a4\ud0e0\uc2a4\uac00 \ub2ec\ub77c\uc9c0\uae30 \ub54c\ubb38\uc5d0 \uc608\uce21\uc774 \ubd88\uac00\ub2a5\uc5d0 \uac00\uae5d\uc2b5\ub2c8\ub2e4.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"13,1,0\"><b data-path-to-node=\"13,1,0\" data-index-in-node=\"0\">\uae30\uc874 \uc8fc\uc8fc \uac00\uce58 \ud76c\uc11d\uc758 \uc704\ud5d8:<\/b> \uc124\ub839 \ubcf4\ud638\uad00\ucc30\uc774 \ud574\uc81c\ub418\ub354\ub77c\ub3c4, \uc790\ubcf8 \ud655\ucda9\uc744 \uc704\ud574 \uc5c4\uccad\ub09c \uaddc\ubaa8\uc758 \uc2e0\uc8fc\ub97c \ubc1c\ud589\ud574\uc57c \ud560 \uac00\ub2a5\uc131\uc774 \ub192\uc2b5\ub2c8\ub2e4. \uc774 \uacfc\uc815\uc5d0\uc11c \ud604\uc7ac \uc7a5\uc678\uc2dc\uc7a5\uc5d0\uc11c \uac70\ub798\ub418\ub294 \uae30\uc874 \uc8fc\uc2dd\ub4e4\uc758 \uac00\uce58\uac00 \uc2ec\uac01\ud558\uac8c \ud76c\uc11d\ub418\uac70\ub098, \ucd5c\uc545\uc758 \uacbd\uc6b0 \uc7ac\ubb34\ubd80\uc758 \uacb0\uc815\uc5d0 \ub530\ub77c \ud734\uc9c0\uc870\uac01\uc774 \ub420 \uc218\ub3c4 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"13,2,0\"><b data-path-to-node=\"13,2,0\" data-index-in-node=\"0\">\uc7a5\uc678\uc2dc\uc7a5(OTC)\uc758 \ud2b9\uc218\uc131:<\/b> \uae30\uc0ac\uc5d0\uc11c\ub3c4 \ud558\ub8e8 \ub9cc\uc5d0 \uc7a5\uc678\uc2dc\uc7a5\uc5d0\uc11c 50% \ud3ed\ub4f1\ud588\ub2e4\uace0 \ub098\uc624\ub4ef, \uc720\ub3d9\uc131\uc774 \ub0ae\uc544 \uc801\uc740 \uac70\ub798\ub7c9\uc5d0\ub3c4 \uc8fc\uac00\uac00 \ubbf8\uce5c \ub4ef\uc774 \uc694\ub3d9\uce69\ub2c8\ub2e4.<\/p>\n<\/li>\n<\/ul>\n<p data-path-to-node=\"14\"><b data-path-to-node=\"14\" data-index-in-node=\"0\">\uacb0\ub860\uc801\uc73c\ub85c<\/b>\u00a0\uc774 \ud22c\uc790\ub294 \ud68c\uc0ac\uc758 \ubcf8\uc9c8 \uac00\uce58\ub97c \ubbff\uace0 \uc7a5\uae30 \ud22c\uc790\ud558\ub294 \uac83\uc774 \uc544\ub2c8\ub77c, <b data-path-to-node=\"14\" data-index-in-node=\"43\">&#8216;\uc815\ubd80\uc758 \uaddc\uc81c \ud574\uc81c&#8217;\ub77c\ub294 \ub2e8\uc77c \uc774\ubca4\ud2b8\uc5d0 \uc790\ubcf8\uc744 \uac70\ub294 \uc774\ubca4\ud2b8 \ub4dc\ub9ac\ube10(Event-driven) \uc804\ub7b5<\/b>\uc785\ub2c8\ub2e4. 10\ubc30 \uc218\uc775\uc758 \ub2ec\ucf64\ud55c \uac00\ub2a5\uc131 \uc774\uba74\uc5d0\ub294 \ud22c\uc790\uae08 \uc804\uc561 \uc190\uc2e4\uc758 \uc704\ud5d8\uc774 \uacf5\uc874\ud558\ubbc0\ub85c, \ud3ec\ud2b8\ud3f4\ub9ac\uc624\uc758 \uc544\uc8fc \uc791\uc740 \ube44\uc911\uc73c\ub85c\ub9cc \uc811\uadfc\ud574\uc57c \ud558\ub294 \ud22c\uae30\uc801 \uc131\uaca9\uc758 \uc790\uc0b0\uc73c\ub85c \ubcf4\ub294 \uac83\uc774 \ud569\ub9ac\uc801\uc785\ub2c8\ub2e4. \uc560\ud06c\uba3c\ucc98\ub7fc \uc790\uae08\ub825\uc774 \ud48d\ubd80\ud558\uace0 \uc7a5\uae30\uac04 \ubc95\uc801\/\uc815\uce58\uc801 \ub85c\ube44\ub97c \ubc84\ud2f8 \uc218 \uc788\ub294 \uac70\ubb3c\ub4e4\uc758 \ud50c\ub808\uc774 \ubc29\uc2dd\uc774\ub77c\ub294 \uc810\uc744 \uba85\uc2ec\ud574\uc57c \ud569\ub2c8\ub2e4.<\/p>\n<h3 data-path-to-node=\"21\"><span class=\"ez-toc-section\" id=\"3_%EA%B1%B0%EB%AC%BC%EB%93%A4%EC%9D%98_%ED%8F%AC%EC%A7%80%EC%85%98_%EB%B3%B4%ED%86%B5%EC%A3%BC_vs_%EC%9A%B0%EC%84%A0%EC%A3%BC\"><\/span><strong>3) \uac70\ubb3c\ub4e4\uc758 \ud3ec\uc9c0\uc158: \ubcf4\ud1b5\uc8fc vs \uc6b0\uc120\uc8fc<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-path-to-node=\"0\">\ube4c \uc560\ud06c\uba3c \uc678\uc5d0\ub3c4 \uc6d4\uac00\uc758 \uc804\uc124\uc801\uc778 \ud22c\uc790\uc790\ub4e4\uacfc \uac70\ub300 \ud5e4\uc9c0\ud380\ub4dc\ub4e4\uc774 \uc774 &#8216;\uc704\ud5d8\ud558\uc9c0\ub9cc \ub9e4\ub825\uc801\uc778&#8217; \ub3c4\ubc15\ud310\uc5d0 \ub9c9\ub300\ud55c \uc790\ubcf8\uc744 \uac78\uace0 \ucc38\uc804\ud574 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<p data-path-to-node=\"1\">\ud2b9\ud788 \ud765\ubbf8\ub85c\uc6b4 \uc810\uc740 2008\ub144 \uae08\uc735\uc704\uae30(\ubd80\ub3d9\uc0b0 \ubd95\uad34)\uc640 \uae4a\uc740 \uc5f0\uad00\uc774 \uc788\uac70\ub098, \uad6d\uac00 \uad6c\uc81c\uae08\uc735 \uc0ac\ud0dc\uc5d0\uc11c \ud070\ub3c8\uc744 \ubc8c\uc5b4\ubcf8 &#8216;\uc704\uae30 \ud22c\uc790\uc758 \ub2ec\uc778&#8217;\ub4e4\uc774 \uc774 \ub450 \uae30\uc5c5\uc744 \uc9d1\uc911\uc801\uc73c\ub85c \ub178\ub9ac\uace0 \uc788\ub2e4\ub294 \uc810\uc785\ub2c8\ub2e4. \ub300\ud45c\uc801\uc778 \uc778\ubb3c\ub4e4\uc740 \ub2e4\uc74c\uacfc \uac19\uc2b5\ub2c8\ub2e4.<\/p>\n<p data-path-to-node=\"2\"><b data-path-to-node=\"2\" data-index-in-node=\"0\">1. \uc874 \ud3f4\uc2a8 (John Paulson \/ Paulson &amp; Co.)<\/b><\/p>\n<p data-path-to-node=\"3\">2008\ub144 \uc11c\ube0c\ud504\ub77c\uc784 \ubaa8\uae30\uc9c0 \uc0ac\ud0dc \ub2f9\uc2dc, \uc8fc\ud0dd \uc2dc\uc7a5 \ubd95\uad34\ub97c \uc815\ud655\ud788 \uc608\uce21\ud558\uace0 \uacf5\ub9e4\ub3c4(Short)\ub97c \uccd0\uc11c \uc6d4\uac00 \uc5ed\uc0ac\uc0c1 \ucd5c\uace0\uc758 \uc218\uc775\uc744 \uc62c\ub9b0 \uc804\uc124\uc801\uc778 \uc778\ubb3c\uc785\ub2c8\ub2e4.<\/p>\n<ul data-path-to-node=\"4\">\n<li>\n<p data-path-to-node=\"4,0,0\"><b data-path-to-node=\"4,0,0\" data-index-in-node=\"0\">\uc544\uc774\ub7ec\ub2c8\ud55c \ud22c\uc790:<\/b> \ubaa8\uae30\uc9c0 \uc2dc\uc7a5\uc758 \ud30c\uba78\uc5d0 \ubca0\ud305\ud574 \uc5b5\ub9cc\uc7a5\uc790\uac00 \ub41c \uadf8\uac00, \uc9c0\uae08\uc740 \uc815\ubc18\ub300\ub85c \ubbf8\uad6d \ubaa8\uae30\uc9c0 \uc2dc\uc7a5\uc758 \uc0c1\uc9d5\uc778 \ud328\ub2c8\uba54\uc774\uc640 \ud504\ub808\ub514\ub9e5\uc758 \ubd80\ud65c\uc5d0 \ub9c9\ub300\ud55c \ub3c8\uc744 \uac78\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"4,1,0\">\uadf8\ub294 \ud2b8\ub7fc\ud504 \ud589\uc815\ubd80\uc758 \uac15\ub825\ud55c \uc9c0\uc9c0\uc790\uc774\uc790 \ud6c4\uc6d0\uc790\uc774\uae30\ub3c4 \ud558\uba70, \ud604 \uc815\ubd80\uc758 \uaddc\uc81c \uc644\ud654\uc640 \ubbfc\uc601\ud654 \uc815\ucc45\uc774 \uc790\uc2e0\uc5d0\uac8c \uc5c4\uccad\ub09c \uc218\uc775\uc744 \uc548\uaca8\uc904 \uac83\uc73c\ub85c \uae30\ub300\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<\/li>\n<\/ul>\n<p data-path-to-node=\"5\"><b data-path-to-node=\"5\" data-index-in-node=\"0\">2. \ube0c\ub8e8\uc2a4 \ubc84\ucf54\uc704\uce20 (Bruce Berkowitz \/ Fairholme Capital)<\/b><\/p>\n<p data-path-to-node=\"6\">\ud53c\ubc14\ub2e4\uac00 \ub41c \uc2dc\uc7a5\uc5d0\uc11c \ud5d0\uac12\uc5d0 \ub358\uc838\uc9c4 \uae30\uc5c5\uc744 \uc8fc\uc6cc \ub2f4\ub294 \uc9d1\uc911 \ud22c\uc790\ub85c \uc720\uba85\ud55c \uac00\uce58\ud22c\uc790\uc790\uc785\ub2c8\ub2e4. 2008\ub144 \uae08\uc735\uc704\uae30 \ub2f9\uc2dc \ubbf8\uad6d \uc815\ubd80\uc758 \uad6c\uc81c\uae08\uc735\uc744 \ubc1b\uc558\ub358 \ubcf4\ud5d8\uc0ac AIG\uc5d0 \ud22c\uc790\ud574 \ucc9c\ubb38\ud559\uc801\uc778 \uc218\uc775\uc744 \ub0b8 \uacbd\ud5d8\uc774 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<ul data-path-to-node=\"7\">\n<li>\n<p data-path-to-node=\"7,0,0\"><b data-path-to-node=\"7,0,0\" data-index-in-node=\"0\">\ucd5c\ub300 \uc6b0\uc120\uc8fc \uc8fc\uc8fc:<\/b> \uadf8\ub294 \ud328\ub2c8\uba54\uc774\uc640 \ud504\ub808\ub514\ub9e5\uc758 **\uc6b0\uc120\uc8fc(Preferred Stock)**\ub97c \uc218\uc2ed\uc5b5 \ub2ec\ub7ec\uc5b4\uce58 \uc4f8\uc5b4 \ub2f4\uc740 \ucd5c\ub300 \uc8fc\uc8fc \uc911 \ud55c \uba85\uc785\ub2c8\ub2e4.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"7,1,0\">\ub2e8\uc21c\ud788 \uc8fc\uc2dd\uc744 \ubcf4\uc720\ud558\ub294 \uac83\uc5d0 \uadf8\uce58\uc9c0 \uc54a\uace0, \uc815\ubd80\ub97c \uc0c1\ub300\ub85c &#8220;\uc6b0\ub9ac\uac00 \uc678\ubd80 \uc790\ubcf8\uc744 \ub04c\uc5b4\uc62c \ud14c\ub2c8 \ubbfc\uc601\ud654\ub97c \uc9c4\ud589\ud558\uc790&#8221;\uba70 \uad6c\uccb4\uc801\uc778 \uc790\ubcf8 \uc7ac\ud3b8\uc131 \ud50c\ub79c\uc744 \uc9c1\uc811 \uc81c\uc548\ud558\uae30\ub3c4 \ud558\ub294 \uc801\uadf9\uc801\uc778 \ud589\ub3d9\uc8fc\uc758\uc790\uc785\ub2c8\ub2e4.<\/p>\n<\/li>\n<\/ul>\n<p data-path-to-node=\"8\"><b data-path-to-node=\"8\" data-index-in-node=\"0\">3. \ub9c8\uc774\ud074 \ubc84\ub9ac (Michael Burry \/ Scion Asset Management)<\/b><\/p>\n<p data-path-to-node=\"9\">\uc601\ud654 &lt;\ube45 \uc1fc\ud2b8&gt;\uc758 \uc2e4\uc81c \uc8fc\uc778\uacf5\uc73c\ub85c, \ub300\uc911\uc5d0\uac8c\ub3c4 \ub9e4\uc6b0 \uce5c\uc219\ud55c \ud22c\uc790\uc790\uc785\ub2c8\ub2e4.<\/p>\n<ul data-path-to-node=\"10\">\n<li>\n<p data-path-to-node=\"10,0,0\">\uac00\uc7a5 \ucd5c\uadfc\uc778 2026\ub144 \ucd08, \ub9c8\uc774\ud074 \ubc84\ub9ac \uc5ed\uc2dc \uc774 \ub450 \uae30\uc5c5\uc774 \uc131\uacf5\uc801\uc73c\ub85c \ubbfc\uc601\ud654(IPO) \uacfc\uc815\uc744 \uac70\uce60 \uacbd\uc6b0 \uc5c4\uccad\ub09c \uc8fc\uac00 \uc0c1\uc2b9\uc774 \uc788\uc744 \uac83\uc774\ub77c\uba70 &#8216;\ub871(Long, \ub9e4\uc218)&#8217; \ud3ec\uc9c0\uc158\uc5d0 \ubca0\ud305\ud558\uace0 \uc788\ub2e4\ub294 \uc0ac\uc2e4\uc774 \uc54c\ub824\uc838 \uc2dc\uc7a5\uc758 \ud070 \uc8fc\ubaa9\uc744 \ubc1b\uc558\uc2b5\ub2c8\ub2e4.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"10,1,0\">\ub2e4\ub9cc \uadf8\ub294 \uc774 \uacfc\uc815\uc774 \uacb0\ucf54 \uc21c\ud0c4\uce58 \uc54a\uace0 \uc815\uce58\uc801\uc73c\ub85c &#8220;\ub9e4\uc6b0 \uac00\ud30c\ub974\uace0 \ud5d8\ub09c\ud55c \uae38&#8221;\uc774 \ub420 \uac83\uc774\ub77c\uace0 \uacbd\uace0\ud558\uae30\ub3c4 \ud588\uc2b5\ub2c8\ub2e4.<\/p>\n<\/li>\n<\/ul>\n<hr data-path-to-node=\"24\" \/>\n<h2 data-path-to-node=\"25\"><span class=\"ez-toc-section\" id=\"4_%EB%8B%AC%EC%BD%A4%ED%95%9C_%EC%9C%A0%ED%98%B9_%EC%9D%B4%EB%A9%B4%EC%9D%98_3%EC%A4%91_%EC%A7%80%EB%B6%84_%ED%9D%AC%EC%84%9D_%EB%A6%AC%EC%8A%A4%ED%81%AC\"><\/span><strong>4. \ub2ec\ucf64\ud55c \uc720\ud639 \uc774\uba74\uc758 3\uc911 \uc9c0\ubd84 \ud76c\uc11d \ub9ac\uc2a4\ud06c<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-path-to-node=\"26\">\uc774 \uae00\uc5d0\uc11c \uac00\uc7a5 \uac15\uc870\ud558\uace0 \uc2f6\uc740 \ubd80\ubd84\uc785\ub2c8\ub2e4. \ud22c\uc790\uc790 \ubd84\ub4e4\uc774 \uc774 \uc8fc\uc2dd\uc744 \ub9e4\uc218\ud558\uae30 \uc804 \ubc18\ub4dc\uc2dc \uc54c\uc544\uc57c \ud560 <b data-path-to-node=\"26\" data-index-in-node=\"56\">\uc9c0\ubd84 \ud76c\uc11d(Dilution)\uc758 3\ucc28 \ud3ed\ud0c4<\/b>\uc774 \uc874\uc7ac\ud569\ub2c8\ub2e4.<\/p>\n<p data-path-to-node=\"0\">\uc774 \ub450 \uae30\uc5c5\uc758 \uc8fc\uc2dd\uc5d0 \ud22c\uc790\ud560 \ub54c \uac00\uc7a5 \ub450\ub824\uc6cc\ud574\uc57c \ud560 \ud575\uc2ec\uc774\uc790, \ud604\uc7ac \uc8fc\uac00\uac00 \ub3d9\uc804\uc8fc(Penny Stock)\uc5d0 \uba38\ubb3c\uac8c \ub9cc\ub4dc\ub294 \uac00\uc7a5 \ud070 \uc6d0\ud749\uc778 **&#8217;\uc9c0\ubd84 \ud76c\uc11d(Dilution) \ub9ac\uc2a4\ud06c&#8217;**\uc5d0 \ub300\ud574 \uc0c1\uc138\ud788 \ud30c\ud5e4\uccd0 \ub4dc\ub9ac\uaca0\uc2b5\ub2c8\ub2e4.<\/p>\n<p data-path-to-node=\"1\">\uc8fc\uc2dd\uc5d0\uc11c \ud76c\uc11d\uc774\ub780, \uc27d\uac8c \ub9d0\ud574 **&#8221;\ub0b4\uac00 \uac00\uc9c4 \ud53c\uc790 \ud55c \uc870\uac01\uc758 \ud06c\uae30\uac00, \ud53c\uc790\ub97c \ub098\ub204\uc5b4 \uba39\ub294 \uc0ac\ub78c\uc774 \ub298\uc5b4\ub098\uba74\uc11c \ucabc\uadf8\ub77c\ub4dc\ub294 \ud604\uc0c1&#8221;**\uc744 \ub9d0\ud569\ub2c8\ub2e4. \ud328\ub2c8\uba54\uc774\uc640 \ud504\ub808\ub514\ub9e5\uc758 \uae30\uc874 \uc8fc\uc8fc\ub4e4\uc774 \uc9c1\uba74\ud55c \ud76c\uc11d \ub9ac\uc2a4\ud06c\ub294 \ubb34\ub824 3\uc911\uc73c\ub85c \uacb9\uccd0 \uc788\ub294 \uc5ed\ub300\uae09 \uaddc\ubaa8\uc785\ub2c8\ub2e4.<\/p>\n<h4 data-path-to-node=\"2\"><span class=\"ez-toc-section\" id=\"1_1%EC%B0%A8_%ED%8F%AD%ED%83%84_%EB%AF%B8%EA%B5%AD_%EC%9E%AC%EB%AC%B4%EB%B6%80%EC%9D%98_799_%EC%8B%A0%EC%A3%BC%EC%9D%B8%EC%88%98%EA%B6%8CWarrant\"><\/span><b data-path-to-node=\"2\" data-index-in-node=\"0\">1) 1\ucc28 \ud3ed\ud0c4: \ubbf8\uad6d \uc7ac\ubb34\ubd80\uc758 79.9% \uc2e0\uc8fc\uc778\uc218\uad8c(Warrant)<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p data-path-to-node=\"3\">2008\ub144 \uae08\uc735\uc704\uae30 \ub2f9\uc2dc, \ubbf8\uad6d \uc7ac\ubb34\ubd80\ub294 \uad6c\uc81c\uae08\uc735\uc744 \uc9c0\uc6d0\ud558\ub294 \ub300\uac00\ub85c \uc544\uc8fc \ubb34\uc2dc\ubb34\uc2dc\ud55c \uc870\ud56d\uc744 \uac78\uc5c8\uc2b5\ub2c8\ub2e4. \ubc14\ub85c \ub450 \uae30\uc5c5 \uac01\uac01\uc758 **\ubcf4\ud1b5\uc8fc \uc9c0\ubd84 79.9%\ub97c \uc8fc\ub2f9 0.00001\ub2ec\ub7ec(\uc0ac\uc2e4\uc0c1 \uacf5\uc9dc)\uc5d0 \uc5b8\uc81c\ub4e0 \uc778\uc218\ud560 \uc218 \uc788\ub294 \uad8c\ub9ac(\uc2e0\uc8fc\uc778\uc218\uad8c)**\ub97c \uac00\uc838\uac04 \uac83\uc785\ub2c8\ub2e4.<\/p>\n<ul data-path-to-node=\"4\">\n<li>\n<p data-path-to-node=\"4,0,0\"><b data-path-to-node=\"4,0,0\" data-index-in-node=\"0\">\ud604\uc7ac \uc0c1\ud669:<\/b> \uc9c0\uae08 \uc7a5\uc678\uc2dc\uc7a5\uc5d0\uc11c \uac70\ub798\ub418\ub294 \ubcf4\ud1b5\uc8fc\ub294 \uc804\uccb4 \uc9c0\ubd84\uc758 100%\uac00 \uc544\ub2c8\ub77c, \uc0ac\uc2e4\uc0c1 <b data-path-to-node=\"4,0,0\" data-index-in-node=\"49\">\ub0a8\uc740 20.1%\ub97c \ub450\uace0 \ud22c\uc790\uc790\ub4e4\ub07c\ub9ac \uc0ac\uace0\ud30c\ub294 \uac83<\/b>\uc5d0 \ubd88\uacfc\ud569\ub2c8\ub2e4.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"4,1,0\"><b data-path-to-node=\"4,1,0\" data-index-in-node=\"0\">\ub9ac\uc2a4\ud06c:<\/b> \ubbfc\uc601\ud654\uac00 \uc2dc\uc791\ub418\uc5b4 \uc7ac\ubb34\ubd80\uac00 \uc774 \uad8c\ub9ac\ub97c \ud589\uc0ac\ud574 \ubc84\ub9ac\uba74, \uae30\uc874 \uc8fc\uc8fc\ub4e4\uc758 \uc9c0\ubd84\uc728\uacfc \uc758\uacb0\uad8c\uc740 \uc989\uc2dc 5\ubd84\uc758 1 \ud1a0\ub9c9\uc774 \ub0a9\ub2c8\ub2e4. \ud68c\uc0ac\uac00 \uc544\ubb34\ub9ac \ub3c8\uc744 \ub9ce\uc774 \ubc8c\uc5b4\ub3c4 \uae30\uc874 \uc8fc\uc8fc\uac00 \uac00\uc838\uac08 \uc218 \uc788\ub294 \ud30c\uc774 \uc790\uccb4\uac00 \ud655 \uc904\uc5b4\ubc84\ub9ac\ub294 \uac83\uc785\ub2c8\ub2e4.<\/p>\n<\/li>\n<\/ul>\n<h4 data-path-to-node=\"5\"><span class=\"ez-toc-section\" id=\"2_2%EC%B0%A8_%ED%8F%AD%ED%83%84_%EC%88%98%EC%84%9D%EC%9A%B0%EC%84%A0%EC%A3%BCSenior_Preferred_Stock%EC%9D%98_%EB%B3%B4%ED%86%B5%EC%A3%BC_%EC%A0%84%ED%99%98_%EA%B0%80%EB%8A%A5%EC%84%B1\"><\/span><b data-path-to-node=\"5\" data-index-in-node=\"0\">2) 2\ucc28 \ud3ed\ud0c4: \uc218\uc11d\uc6b0\uc120\uc8fc(Senior Preferred Stock)\uc758 \ubcf4\ud1b5\uc8fc \uc804\ud658 \uac00\ub2a5\uc131<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p data-path-to-node=\"6\">\uc7ac\ubb34\ubd80\ub294 \uc2e0\uc8fc\uc778\uc218\uad8c \uc678\uc5d0\ub3c4, \ub450 \uae30\uc5c5\uc5d0 \uc3df\uc544\ubd80\uc740 \uacf5\uc801\uc790\uae08 \uba85\ubaa9\uc73c\ub85c \uc57d 2,000\uc5b5 \ub2ec\ub7ec\uc5d0 \ub2ec\ud558\ub294 **&#8217;\uc218\uc11d\uc6b0\uc120\uc8fc&#8217;**\ub97c \ub4e4\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc6b0\uc120\uc8fc\ub294 \ubc30\ub2f9\uc774\ub098 \ud68c\uc0ac\uac00 \ub9dd\ud588\uc744 \ub54c \ub0a8\uc740 \uc7ac\uc0b0\uc744 \ub3cc\ub824\ubc1b\ub294 \uc21c\uc704\uac00 \ubcf4\ud1b5\uc8fc\ubcf4\ub2e4 \ubb34\uc870\uac74 \uc55e\uc12d\ub2c8\ub2e4.<\/p>\n<ul data-path-to-node=\"7\">\n<li>\n<p data-path-to-node=\"7,0,0\"><b data-path-to-node=\"7,0,0\" data-index-in-node=\"0\">\ub9ac\uc2a4\ud06c:<\/b> \uc774 \uc218\uc11d\uc6b0\uc120\uc8fc\uac00 \uc5b4\ub5bb\uac8c \ucc98\ub9ac\ub418\ub290\ub0d0\uac00 \uad00\uac74\uc785\ub2c8\ub2e4. \ub9cc\uc57d \uc815\ubd80\uac00 \uc774 \ub9c9\ub300\ud55c \uc6b0\uc120\uc8fc\ub97c \ud604\uae08\uc73c\ub85c \ub3cc\ub824\ubc1b\uc9c0 \uc54a\uace0 **\ubcf4\ud1b5\uc8fc\ub85c \uc804\ud658(Convert)**\ud558\uae30\ub85c \uacb0\uc815\ud55c\ub2e4\uba74 \uc5b4\ub5bb\uac8c \ub420\uae4c\uc694?<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"7,1,0\">\uc2dc\uc7a5\uc5d0 \uc5b4\ub9c8\uc5b4\ub9c8\ud55c \ubb3c\ub7c9\uc758 \uc0c8\ub85c\uc6b4 \ubcf4\ud1b5\uc8fc\uac00 \uc3df\uc544\uc9c0\uac8c \ub429\ub2c8\ub2e4. \uc774\ub807\uac8c \ub418\uba74 \uae30\uc874 \uc8fc\uc8fc\ub4e4\uc758 \uc9c0\ubd84 \uac00\uce58\ub294 20.1%\uc5d0\uc11c \uadf8\uc57c\ub9d0\ub85c \uba3c\uc9c0 \uac19\uc740 \uc218\uc900(1% \ubbf8\ub9cc)\uc73c\ub85c \ub354 \uadf9\uc2ec\ud558\uac8c \ud76c\uc11d\ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<\/li>\n<\/ul>\n<h4 data-path-to-node=\"8\"><span class=\"ez-toc-section\" id=\"3_3%EC%B0%A8_%ED%8F%AD%ED%83%84_%EB%AF%BC%EC%98%81%ED%99%94%EB%A5%BC_%EC%9C%84%ED%95%9C_%EC%B2%9C%EB%AC%B8%ED%95%99%EC%A0%81%EC%9D%B8_%EC%8B%A0%EA%B7%9C_%EC%9C%A0%EC%83%81%EC%A6%9D%EC%9E%90IPO\"><\/span><b data-path-to-node=\"8\" data-index-in-node=\"0\">3) 3\ucc28 \ud3ed\ud0c4: \ubbfc\uc601\ud654\ub97c \uc704\ud55c \ucc9c\ubb38\ud559\uc801\uc778 \uc2e0\uaddc \uc720\uc0c1\uc99d\uc790(IPO)<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p data-path-to-node=\"9\">\uc55e\uc11c \ub450 \uae30\uc5c5\uc774 \uc0c8\ub85c\uc6b4 \uaddc\uc81c(ERCF)\ub97c \ub9de\ucd94\uae30 \uc704\ud574 \uc57d 3,280\uc5b5 \ub2ec\ub7ec\ub77c\ub294 \ub9c9\ub300\ud55c \uc790\ubcf8\uae08\uc744 \uc313\uc544\uc57c \ud55c\ub2e4\uace0 \ub9d0\uc500\ub4dc\ub838\uc2b5\ub2c8\ub2e4.<\/p>\n<ul data-path-to-node=\"10\">\n<li>\n<p data-path-to-node=\"10,0,0\">\ud604\uc7ac \ud68c\uc0ac\uac00 \ubc8c\uc5b4\ub4e4\uc774\ub294 \uc774\uc775(\ub0b4\ubd80 \uc720\ubcf4\uae08)\ub9cc\uc73c\ub85c \uc774 \uae08\uc561\uc744 \ub2e4 \ucc44\uc6b0\ub824\uba74 \uc218\uc2ed \ub144\uc774 \uac78\ub9bd\ub2c8\ub2e4.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"10,1,0\"><b data-path-to-node=\"10,1,0\" data-index-in-node=\"0\">\ub9ac\uc2a4\ud06c:<\/b> \uacb0\uad6d \ubbfc\uc601\ud654\ub97c \uc55e\ub2f9\uae30\ub824\uba74 \uc2dc\uc7a5\uc5d0\uc11c \uc678\ubd80 \ud22c\uc790\uc790\ub4e4\uc758 \ub3c8\uc744 \ub04c\uc5b4\uc640\uc57c \ud569\ub2c8\ub2e4. \uc989, **\uc5ed\uc0ac\uc0c1 \ucd5c\ub300 \uaddc\ubaa8\uc758 \uc2e0\uc8fc \ubc1c\ud589(\uc720\uc0c1\uc99d\uc790 \ubc0f IPO)**\uc744 \ud574\uc57c \ud55c\ub2e4\ub294 \ub73b\uc785\ub2c8\ub2e4.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"10,2,0\">\uc218\ubc31\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\uc758 \uc0c8\ub85c\uc6b4 \uc8fc\uc2dd\uc744 \ucc0d\uc5b4\ub0b4\uc5b4 \uc2dc\uc7a5\uc5d0 \ud314\uac8c \ub418\uba74, \uc804\uccb4 \uc8fc\uc2dd \uc218\uac00 \uae30\ud558\uae09\uc218\uc801\uc73c\ub85c \ub298\uc5b4\ub098\uba74\uc11c \uae30\uc874 \uc8fc\ub2f9 \uac00\uce58(EPS)\ub294 \ub610\ub2e4\uc2dc \uae09\uaca9\ud788 \ub5a8\uc5b4\uc9c0\uac8c \ub429\ub2c8\ub2e4.<\/p>\n<\/li>\n<\/ul>\n<h4 data-path-to-node=\"12\"><span class=\"ez-toc-section\" id=\"4_%EB%B9%8C_%EC%95%A0%ED%81%AC%EB%A8%BC%EC%9D%98_10%EB%B0%B0_%EC%88%98%EC%9D%B5_%EC%8B%9C%EB%82%98%EB%A6%AC%EC%98%A4%EB%8A%94_%EC%96%B4%EB%96%BB%EA%B2%8C_%EA%B0%80%EB%8A%A5%ED%95%9C%EA%B0%80\"><\/span><b data-path-to-node=\"12\" data-index-in-node=\"0\">4) \ube4c \uc560\ud06c\uba3c\uc758 10\ubc30 \uc218\uc775 \uc2dc\ub098\ub9ac\uc624\ub294 \uc5b4\ub5bb\uac8c \uac00\ub2a5\ud55c\uac00?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p data-path-to-node=\"13\">\uc774\ud1a0\ub85d \ub054\ucc0d\ud55c \ud76c\uc11d \ub9ac\uc2a4\ud06c\uac00 \uc788\ub294\ub370\ub3c4 \uc560\ud06c\uba3c\uc774 \uc790\uc2e0\ub9cc\ub9cc\ud55c \uc774\uc720\ub294, <b data-path-to-node=\"13\" data-index-in-node=\"37\">\uadf8\uac00 \ud2b8\ub7fc\ud504 \ud589\uc815\ubd80\ub97c \uc0c1\ub300\ub85c \uc774 &#8216;\ud76c\uc11d \ud3ed\ud0c4&#8217;\ub4e4\uc744 \uc81c\uac70\ud574 \ub2ec\ub77c\uace0 \uac15\ud558\uac8c \ub85c\ube44(\ud589\ub3d9\uc8fc\uc758)\ub97c \ud558\uace0 \uc788\uae30 \ub54c\ubb38<\/b>is the value.<\/p>\n<p data-path-to-node=\"14\">\uadf8\uc758 \ud575\uc2ec \uc8fc\uc7a5\uc740 \uc774\ub807\uc2b5\ub2c8\ub2e4.<\/p>\n<blockquote data-path-to-node=\"15\">\n<p data-path-to-node=\"15,0\">&#8220;\uc815\ubd80\ub294 \uc774\ubbf8 \uad6c\uc81c\uae08\uc735 \uc6d0\uae08\uc744 \ud6e8\uc52c \ub6f0\uc5b4\ub118\ub294 \ub3c8\uc744 \ubc30\ub2f9\uae08\uc73c\ub85c \ub2e4 \ud68c\uc218\ud588\ub2e4. \uadf8\ub7ec\ub2c8 <b data-path-to-node=\"15,0\" data-index-in-node=\"46\">79.9% \uc2e0\uc8fc\uc778\uc218\uad8c\uc740 \ud3ec\uae30\ud558\uace0, \uc218\uc11d\uc6b0\uc120\uc8fc\ub3c4 \ud0d5\uac10(\ub610\ub294 \ud68c\uacc4\uc801 \uc0ad\uc81c)\ud574 \uc918\ub77c.<\/b> \uadf8\ub798\uc57c \uae30\uc874 \uc8fc\uc8fc\ub4e4\uc758 \uac00\uce58\uac00 \ubcf4\uc874\ub418\uace0, \uc678\ubd80 \ud22c\uc790\uc790\ub4e4\ub3c4 \uc548\uc2ec\ud558\uace0 \uc0c8 \uc720\uc0c1\uc99d\uc790\uc5d0 \ucc38\uc5ec\ud574\uc11c \ubbfc\uc601\ud654\uac00 \uc131\uacf5\ud560 \uc218 \uc788\ub2e4.&#8221;<\/p>\n<\/blockquote>\n<p data-path-to-node=\"16\"><b data-path-to-node=\"16\" data-index-in-node=\"0\">\uacb0\ub860\uc801\uc73c\ub85c<\/b>\u00a0\ud328\ub2c8\uba54\uc774\uc640 \ud504\ub808\ub514\ub9e5\uc758 \ud22c\uc790\ub294 \uae30\uc5c5\uc758 \uc2e4\uc801\uc744 \ubd84\uc11d\ud558\ub294 \uc601\uc5ed\uc744 \ub118\uc5b4\uc130\uc2b5\ub2c8\ub2e4. <b data-path-to-node=\"16\" data-index-in-node=\"48\">\ubbf8\uad6d \uc815\ubd80\uac00 &#8220;\uc138\uae08\uc744 \ub0b8 \uad6d\ubbfc(\uc7ac\ubb34\ubd80)\uc758 \uc774\uc775&#8221;\uc744 \uc6b0\uc120\ud560 \uac83\uc778\uc9c0, \uc544\ub2c8\uba74 &#8220;\ubbfc\uac04 \ud22c\uc790\uc790(\uae30\uc874 \uc8fc\uc8fc)\ub4e4\uc758 \uad8c\ub9ac&#8221;\ub97c \uc778\uc815\ud574 \uc904 \uac83\uc778\uc9c0\ub97c \uacb0\uc815\ud558\ub294 \uc815\uce58\uc801 \uc904\ub2e4\ub9ac\uae30<\/b>is the value.<\/p>\n<p data-path-to-node=\"17\">\uc815\ubd80\uac00 3\uc911 \ud76c\uc11d \ub9ac\uc2a4\ud06c\ub97c \uadf8\ub300\ub85c \uac15\ud589\ud55c\ub2e4\uba74 \ud604\uc7ac 1~2\ub2ec\ub7ec\uc758 \uc8fc\uac00\uc870\ucc28 \ube44\uc2fc \uac83\uc774 \ub418\uc5b4 \ud734\uc9c0\uc870\uac01\uc774 \ub420 \uac83\uc774\uace0, \uc560\ud06c\uba3c\uc758 \uc8fc\uc7a5\ub300\ub85c \uc815\ubd80\uac00 \uc9c0\ubd84\uc744 \ud1b5 \ud06c\uac8c \uc591\ubcf4\ud574 \uc900\ub2e4\uba74 \ub2e8\uc228\uc5d0 10\ub2ec\ub7ec, 20\ub2ec\ub7ec\ub85c \uce58\uc19f\uc744 \uc218 \uc788\ub294 \uadf9\ub2e8\uc801\uc778 \uad6c\uc870\ub97c \uac00\uc9c0\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<hr data-path-to-node=\"34\" \/>\n<h2 data-path-to-node=\"35\"><span class=\"ez-toc-section\" id=\"5_%ED%95%9C%EA%B5%AD%EC%97%90%EC%84%9C_%ED%8C%A8%EB%8B%88%EB%A9%94%EC%9D%B4FNMA_%ED%94%84%EB%A0%88%EB%94%94%EB%A7%A5FMCC_%ED%88%AC%EC%9E%90%ED%95%98%EB%8A%94_%EB%B0%A9%EB%B2%95\"><\/span><strong>5. \ud55c\uad6d\uc5d0\uc11c \ud328\ub2c8\uba54\uc774(FNMA), \ud504\ub808\ub514\ub9e5(FMCC) \ud22c\uc790\ud558\ub294 \ubc29\ubc95<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-path-to-node=\"5\">\uc774 \ub450 \uae30\uc5c5\uc740 2010\ub144 \ub274\uc695\uc99d\uad8c\uac70\ub798\uc18c\uc5d0\uc11c \uc0c1\uc7a5 \ud3d0\uc9c0\ub418\uc5c8\uae30 \ub54c\ubb38\uc5d0 \ub098\uc2a4\ub2e5\uc774\ub098 S&amp;P500 \uc6b0\ub7c9\uc8fc\ub97c \uc0ac\ub4ef \uc27d\uac8c \ub9e4\ub9e4\ud560 \uc218\ub294 \uc5c6\uc2b5\ub2c8\ub2e4. \ud604\uc7ac\ub294 **\ubbf8\uad6d \uc7a5\uc678\uc2dc\uc7a5(OTC, Over-The-Counter)**\uc5d0\uc11c \uac70\ub798\ub418\uace0 \uc788\uc73c\uba70, \uc885\ubaa9\ucf54\ub4dc(\ud2f0\ucee4)\ub294 \uac01\uac01 <b data-path-to-node=\"5\" data-index-in-node=\"138\">FNMA<\/b>(\ud328\ub2c8\uba54\uc774), <b data-path-to-node=\"5\" data-index-in-node=\"150\">FMCC<\/b>(\ud504\ub808\ub514\ub9e5)\uc785\ub2c8\ub2e4.<\/p>\n<p data-path-to-node=\"6\">\ud55c\uad6d\uc5d0\uc11c \uc7a5\uc678\uc2dc\uc7a5 \uc8fc\uc2dd\uc744 \ub9e4\uc218\ud558\ub294 \uc808\ucc28\ub294 \ub2e4\uc74c\uacfc \uac19\uc2b5\ub2c8\ub2e4.<\/p>\n<p data-path-to-node=\"7\"><b data-path-to-node=\"7\" data-index-in-node=\"0\">\u2460 \ub300\ud615 \uc99d\uad8c\uc0ac \ud574\uc678\uc8fc\uc2dd \uacc4\uc88c \uc900\ube44<\/b> \ud0a4\uc6c0\uc99d\uad8c, \ubbf8\ub798\uc5d0\uc14b\uc99d\uad8c, NH\ud22c\uc790\uc99d\uad8c, \uc0bc\uc131\uc99d\uad8c \ub4f1 \uad6d\ub0b4 \uc8fc\uc694 \ub300\ud615 \uc99d\uad8c\uc0ac\uc758 \ud574\uc678\uc8fc\uc2dd \uac70\ub798 \uacc4\uc88c\uac00 \ud544\uc694\ud569\ub2c8\ub2e4. (\uc911\uc18c\ud615 \uc99d\uad8c\uc0ac\ub098 \ud2b9\uc815 \ud540\ud14c\ud06c \uc99d\uad8c \uc571\uc5d0\uc11c\ub294 \uc7a5\uc678\uc2dc\uc7a5 \uac70\ub798 \uc790\uccb4\ub97c \uc9c0\uc6d0\ud558\uc9c0 \uc54a\ub294 \uacbd\uc6b0\uac00 \ub9ce\uc2b5\ub2c8\ub2e4.)<\/p>\n<p data-path-to-node=\"8\"><b data-path-to-node=\"8\" data-index-in-node=\"0\">\u2461 \uc7a5\uc678\uc2dc\uc7a5(OTC) \uc885\ubaa9 \ub9e4\ub9e4 \uc9c0\uc6d0 \uc5ec\ubd80 \ud655\uc778<\/b> \uc774\uc6a9\ud558\uc2dc\ub294 \uc99d\uad8c\uc0ac MTS\/HTS\uc5d0\uc11c \ud574\ub2f9 \ud2f0\ucee4(FNMA, FMCC)\ub97c \uac80\uc0c9\ud574 \ubd05\ub2c8\ub2e4. \uc870\ud68c\uac00 \uc544\uc608 \uc548 \ub418\uac70\ub098, \uc870\ud68c\ub294 \ub418\uc9c0\ub9cc \uc628\ub77c\uc778 \ub9e4\uc218 \ubc84\ud2bc\uc774 \ud65c\uc131\ud654\ub418\uc9c0 \uc54a\ub294 \uacbd\uc6b0\uac00 \ub9ce\uc2b5\ub2c8\ub2e4.<\/p>\n<p data-path-to-node=\"9\"><b data-path-to-node=\"9\" data-index-in-node=\"0\">\u2462 \ud574\uc678\uc8fc\uc2dd \ub370\uc2a4\ud06c \uc720\uc120 \uc8fc\ubb38 (\uac00\uc7a5 \uc77c\ubc18\uc801\uc778 \ubc29\ubc95)<\/b> \uc704\ud5d8\uc131\uc774 \ub192\uc740 OTC \uc885\ubaa9\uc740 \uc99d\uad8c\uc0ac\uc5d0\uc11c \ud22c\uc790\uc790 \ubcf4\ud638\ub97c \uc704\ud574 \uc804\uc0b0(\uc628\ub77c\uc778) \ub9e4\ub9e4\ub97c \ub9c9\uc544\ub450\ub294 \uacbd\uc6b0\uac00 \ub9ce\uc2b5\ub2c8\ub2e4. \uc774\ub7f4 \ub54c\ub294 <b data-path-to-node=\"9\" data-index-in-node=\"96\">\uc99d\uad8c\uc0ac\uc758 &#8216;\ud574\uc678\uc8fc\uc2dd (\uc57c\uac04) \ub370\uc2a4\ud06c&#8217;\uc5d0 \uc9c1\uc811 \uc804\ud654\ub97c \uac78\uc5b4 \uc624\ud504\ub77c\uc778 \uc8fc\ubb38<\/b>\uc744 \ub0b4\uc57c \ud569\ub2c8\ub2e4.<\/p>\n<ul data-path-to-node=\"10\">\n<li>\n<p data-path-to-node=\"10,0,0\">\uc0c1\ub2f4\uc6d0\uc5d0\uac8c &#8220;\ubbf8\uad6d \uc7a5\uc678\uc8fc\uc2dd FNMA (\ub610\ub294 FMCC) \ub9e4\uc218 \uc8fc\ubb38\uc744 \ub0b4\uace0 \uc2f6\ub2e4&#8221;\uace0 \uc694\uccad\ud558\uace0, \ub9e4\uc218 \uc218\ub7c9\uacfc \uc9c0\uc815\uac00\ub97c \ubd88\ub7ec\uc8fc\uba74 \uccb4\uacb0\ud574 \uc90d\ub2c8\ub2e4.<\/p>\n<\/li>\n<\/ul>\n<p data-path-to-node=\"11\"><b data-path-to-node=\"11\" data-index-in-node=\"0\">\u26a0\ufe0f \ub9e4\ub9e4 \uc804 \ubc18\ub4dc\uc2dc \uc54c\uc544\ub450\uc154\uc57c \ud560 \uc8fc\uc758\uc0ac\ud56d:<\/b><\/p>\n<ul data-path-to-node=\"12\">\n<li>\n<p data-path-to-node=\"12,0,0\"><b data-path-to-node=\"12,0,0\" data-index-in-node=\"0\">\ube44\uc2fc \uc218\uc218\ub8cc:<\/b> \uc804\uc0b0\uc774 \uc544\ub2cc \uc0c1\ub2f4\uc6d0\uc744 \ud1b5\ud55c &#8216;\uc624\ud504\ub77c\uc778 \uc720\uc120 \ub9e4\ub9e4 \uc218\uc218\ub8cc&#8217;\uac00 \uc801\uc6a9\ub418\ubbc0\ub85c, \uc77c\ubc18\uc801\uc778 \ubbf8\uad6d \uc8fc\uc2dd \uc628\ub77c\uc778 \uac70\ub798 \uc218\uc218\ub8cc\ubcf4\ub2e4 \ud6e8\uc52c \ube44\uc309\ub2c8\ub2e4. (\uc99d\uad8c\uc0ac\ub9c8\ub2e4 \ub2e4\ub974\ubbc0\ub85c \uc804\ud654 \uc2dc \uc218\uc218\ub8cc\uc728 \ud655\uc778 \ud544\uc218)<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"12,1,0\"><b data-path-to-node=\"12,1,0\" data-index-in-node=\"0\">\uc0b4\uc778\uc801\uc778 \ubcc0\ub3d9\uc131\uacfc \uc720\ub3d9\uc131 \ubd80\uc871:<\/b> \uc815\uaddc \uc2dc\uc7a5\uc774 \uc544\ub2c8\uae30 \ub54c\ubb38\uc5d0 \uac70\ub798\ub7c9\uc774 \uc801\uace0 \ud638\uac00 \uac04\uaca9\uc774 \ub113\uc2b5\ub2c8\ub2e4. \ucd5c\uadfc \uba70\uce60 \uc0ac\uc774 \ud558\ub8e8\uc5d0 30~50%\uc529 \ud3ed\ub4f1\ub77d\uc744 \ubc18\ubcf5\ud558\ub294 \ub4f1 \ubcc0\ub3d9\uc131\uc774 \uadf9\uc2ec\ud558\ubbc0\ub85c \ub9e4\uc218\/\ub9e4\ub3c4 \uc2dc \uc6d0\ud558\ub294 \uac00\uaca9\uc5d0 \uccb4\uacb0\ub418\uc9c0 \uc54a\uc744 \uc704\ud5d8\uc774 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<\/li>\n<\/ul>\n<hr \/>\n<h2 data-path-to-node=\"38\"><span class=\"ez-toc-section\" id=\"%EA%B2%B0%EB%A1%A0_%EC%9D%B4%EC%84%B1%EC%9D%84_%EC%B0%BE%EA%B3%A0_%EB%B9%84%EC%A4%91%EC%9D%84_%ED%86%B5%EC%A0%9C%ED%95%98%EB%9D%BC\"><\/span>\uacb0\ub860: \uc774\uc131\uc744 \ucc3e\uace0 \ube44\uc911\uc744 \ud1b5\uc81c\ud558\ub77c<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-path-to-node=\"39\">\ud328\ub2c8\uba54\uc774\uc640 \ud504\ub808\ub514\ub9e5 \ud22c\uc790\ub294 \uae30\uc5c5 \uc2e4\uc801\uc774 \uc544\ub2cc, \ubbf8\uad6d \uc815\ubd80\uc758 \uc815\uce58\uc801 \ud0c0\ud611\uc5d0 \ubca0\ud305\ud558\ub294 \uc644\ubcbd\ud55c &#8216;\ud640\uc9dd \uac8c\uc784&#8217;\uc785\ub2c8\ub2e4. \ube4c \uc560\ud06c\uba3c\ucc98\ub7fc \ub9c9\ub300\ud55c \uc790\ubcf8\uc73c\ub85c \uc624\ub79c \uae30\uac04 \ub85c\ube44\uc804\uc744 \ubc84\ud2f8 \uc218 \uc5c6\ub2e4\uba74, \ub2e8\uc77c \uc815\uce58 \uc774\ubca4\ud2b8\uc5d0 \uc804 \uc7ac\uc0b0\uc744 \uac70\ub294 \uac83\uc740 \ubb34\ubaa8\ud569\ub2c8\ub2e4. 10\ubc30 \uc218\uc775\uc758 \ub2ec\ucf64\ud568 \ub4a4\uc5d0 \uc228\uc740 \uc804\uc561 \uc190\uc2e4\uc758 \ub9ac\uc2a4\ud06c\ub97c \uc9c1\uc2dc\ud558\uc2dc\uace0, \ub9cc\uc57d \uc9c4\uc785\ud558\uc2dc\ub354\ub77c\ub3c4 \ud3ec\ud2b8\ud3f4\ub9ac\uc624\uc758 <b data-path-to-node=\"39\" data-index-in-node=\"185\">\ub9e4\uc6b0 \uc81c\ud55c\uc801\uc778 \ube44\uc911<\/b>\uc73c\ub85c\ub9cc \uc811\uadfc\ud558\uc2dc\uae38 \uad8c\ud574\ub4dc\ub9bd\ub2c8\ub2e4. \uc131\uacf5\uc801\uc778 \ud22c\uc790\ub97c \uc704\ud574 \ud56d\uc0c1 \ub370\uc774\ud130\ub97c \uba3c\uc800 \ubcf4\uc2ed\uc2dc\uc624.<\/p>\n<hr data-path-to-node=\"40\" \/>\n<h3 data-path-to-node=\"41\"><span class=\"ez-toc-section\" id=\"FAQ_%EC%9E%90%EC%A3%BC_%EB%AC%BB%EB%8A%94_%EC%A7%88%EB%AC%B8\"><\/span>FAQ: \uc790\uc8fc \ubb3b\ub294 \uc9c8\ubb38<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-path-to-node=\"42\"><b data-path-to-node=\"42\" data-index-in-node=\"0\">Q1. \ud328\ub2c8\uba54\uc774\uc640 \ud504\ub808\ub514\ub9e5\uc740 \uc65c \uc0c1\uc7a5\ud3d0\uc9c0 \ub418\uc5c8\ub098\uc694?<\/b><\/p>\n<p data-path-to-node=\"42\">A: 2008\ub144 \uc11c\ube0c\ud504\ub77c\uc784 \ubaa8\uae30\uc9c0 \uc0ac\ud0dc \ub2f9\uc2dc, \ube44\uc815\uc0c1\uc801\uc778 \ub808\ubc84\ub9ac\uc9c0\ub85c \ub300\uaddc\ubaa8 \ubd80\uc2e4 \ub300\ucd9c\uc744 \ubcf4\uc99d\ud558\ub2e4 \ud30c\uc0b0 \uc704\uae30\uc5d0 \ucc98\ud588\uc2b5\ub2c8\ub2e4. \uacb0\uad6d \ubbf8\uad6d \uc815\ubd80\uc758 \uad6c\uc81c\uae08\uc735\uc744 \ubc1b\uace0 \ubcf4\ud638\uad00\ucc30 \uccb4\uc81c\uc5d0 \ub4e4\uc5b4\uac00\uba70 2010\ub144 \ub274\uc695\uc99d\uc2dc\uc5d0\uc11c \uc0c1\uc7a5\ud3d0\uc9c0 \ub418\uc5c8\uc2b5\ub2c8\ub2e4.<\/p>\n<p data-path-to-node=\"43\"><b data-path-to-node=\"43\" data-index-in-node=\"0\">Q2. \ud328\ub2c8\uba54\uc774(FNMA) \uc8fc\uc2dd\uc740 \ud55c\uad6d\uc5d0\uc11c \uc5b4\ub5bb\uac8c \ub9e4\uc218\ud558\ub098\uc694?<\/b><\/p>\n<p data-path-to-node=\"43\">A: \uc7a5\uc678\uc2dc\uc7a5(OTC) \uc885\ubaa9\uc774\ubbc0\ub85c \ub300\ud615 \uc99d\uad8c\uc0ac\uc758 \ud574\uc678\uc8fc\uc2dd \uac70\ub798 \uacc4\uc88c\uac00 \ud544\uc694\ud569\ub2c8\ub2e4. MTS\uc5d0\uc11c \uc628\ub77c\uc778 \uc8fc\ubb38\uc774 \ub9c9\ud600\uc788\ub294 \uacbd\uc6b0\uac00 \ub9ce\uc544, \uc99d\uad8c\uc0ac &#8216;\ud574\uc678\uc8fc\uc2dd \ub370\uc2a4\ud06c&#8217;\uc5d0 \uc804\ud654\ud558\uc5ec \uc720\uc120(\uc624\ud504\ub77c\uc778)\uc73c\ub85c \uc9c1\uc811 \uc8fc\ubb38\ud574\uc57c \ud569\ub2c8\ub2e4.<\/p>\n<p data-path-to-node=\"44\"><b data-path-to-node=\"44\" data-index-in-node=\"0\">Q3. \ube4c \uc560\ud06c\uba3c\uc740 \uc65c \uc0c1\uc7a5\ud3d0\uc9c0 \ub41c \ud328\ub2c8\uba54\uc774\uc5d0 \ud22c\uc790\ud588\ub098\uc694?<\/b><\/p>\n<p data-path-to-node=\"44\">A: \ud604\uc7ac \ub450 \uae30\uc5c5\uc740 \ud751\uc790\ub97c \ub0b4\uace0 \uc788\uc9c0\ub9cc \uc815\ubd80 \uaddc\uc81c\ub85c \uc8fc\uac00\uac00 1~2\ub2ec\ub7ec \uc218\uc900\uc5d0 \ubb36\uc5ec \uc788\uc2b5\ub2c8\ub2e4. \uc560\ud06c\uba3c\uc740 \ud5a5\ud6c4 \uc815\ubd80\uac00 \uc774\ub4e4\uc744 \ubbfc\uc601\ud654(\ubcf4\ud638\uad00\ucc30 \ud574\uc81c)\ud560 \ub54c, \uae30\uc874 \uc8fc\uc8fc\uc758 \uad8c\ub9ac\ub97c \ubcf4\uc7a5\ud558\ub294 \ubc29\ud5a5\uc73c\ub85c \ud569\uc758\uac00 \uc774\ub904\uc9c0\uba74 \uc8fc\uac00\uac00 \ubcf8\uc9c8 \uac00\uce58\ub97c \ucc3e\uc544 10\ubc30 \uc774\uc0c1 \uc0c1\uc2b9\ud560 \uac83\uc774\ub77c \ubcf4\uace0 \ud589\ub3d9\uc8fc\uc758 \ud22c\uc790\uc5d0 \ub098\uc120 \uac83\uc785\ub2c8\ub2e4.<\/p>\n<div class=\"code-block ng-tns-c166227890-34 ng-animate-disabled ng-trigger ng-trigger-codeBlockRevealAnimation\" data-hveid=\"0\" data-ved=\"0CAAQhtANahcKEwjshZDpn8-TAxUAAAAAHQAAAAAQLg\">\n<div class=\"formatted-code-block-internal-container ng-tns-c166227890-34\">\n<div class=\"animated-opacity ng-tns-c166227890-34\">\n<pre class=\"ng-tns-c166227890-34\"><\/pre>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>\uc548\ub155\ud558\uc138\uc694. Wealth Builder\uc785\ub2c8\ub2e4. \ucd5c\uadfc \uc6d4\uac00\uc758 \uac70\ubb3c \ube4c \uc560\ud06c\uba3c\uc774 \ubbf8\uad6d\uc758 \uc591\ub300 \uc8fc\ud0dd\uae08\uc735\uacf5\uc0ac\uc778 **\ud328\ub2c8\uba54\uc774(Fannie Mae)**\uc640 **\ud504\ub808\ub514\ub9e5(Freddie Mac)**\uc744 \ucf55 \uc9d1\uc5b4 &#8220;\ube44\uc815\uc0c1\uc801\uc73c\ub85c \uc2fc \uac00\uaca9\uc774\uba70 10\ubc30 \uc0c1\uc2b9\uc774 \uac00\ub2a5\ud558\ub2e4&#8221;\uace0 \ubc1c\uc5b8\ud574 \uc2dc\uc7a5\uc758 \uc774\ubaa9\uc774 \uc3e0\ub9ac\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc774\uc5d0 \ub530\ub77c \ub9ce\uc740 \ud55c\uad6d\uc758 \ud22c\uc790\uc790 \ubd84\ub4e4\ub3c4 \uc774 \uc885\ubaa9\uc5d0 \uad00\uc2ec\uc744 \uac00\uc9c0\uace0 \uacc4\uc2e4 \ud150\ub370\uc694. \ud558\uc9c0\ub9cc \uacb0\ub860\ubd80\ud130 \ub9d0\uc500\ub4dc\ub9ac\uba74, \uc774 \ud22c\uc790\ub294 \uc804\ud1b5\uc801\uc778 \uc6b0\ub7c9\uc8fc \uac00\uce58 \ud22c\uc790\uac00 \uc544\ub2cc \ucca0\uc800\ud55c &#8216;\uc815\uce58\uc801 \uc774\ubca4\ud2b8 \ub4dc\ub9ac\ube10(Event-driven)&#8217; \uc804\ub7b5\uc785\ub2c8\ub2e4. &#8230; <a title=\"\ud328\ub2c8\uba54\uc774 \ud504\ub808\ub514\ub9e5 \uc8fc\uac00 \uc804\ub9dd\uacfc \ube4c \uc560\ud06c\uba3c\uc758 10\ubc30 \uc218\uc775 \uc2dc\ub098\ub9ac\uc624 \ubd84\uc11d\" class=\"read-more\" href=\"https:\/\/lifeis-picnic.com\/en\/fannie-mae-freddie-mac-investment-risk\/\" aria-label=\"More on \ud328\ub2c8\uba54\uc774 \ud504\ub808\ub514\ub9e5 \uc8fc\uac00 \uc804\ub9dd\uacfc \ube4c \uc560\ud06c\uba3c\uc758 10\ubc30 \uc218\uc775 \uc2dc\ub098\ub9ac\uc624 \ubd84\uc11d\">Read more<\/a><\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[438,303,72,436,437],"class_list":["post-560","post","type-post","status-publish","format-standard","hentry","category-stock-market-analysis","tag-438","tag-303","tag-72","tag-436","tag-437"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\ud328\ub2c8\uba54\uc774 \ud504\ub808\ub514\ub9e5 \uc8fc\uac00 \uc804\ub9dd\uacfc \ube4c \uc560\ud06c\uba3c\uc758 10\ubc30 \uc218\uc775 \uc2dc\ub098\ub9ac\uc624 \ubd84\uc11d - Wealth Builder<\/title>\n<meta name=\"description\" content=\"\ube4c \uc560\ud06c\uba3c\uc774 10\ubc30 \uc218\uc775\uc744 \uc804\ub9dd\ud55c \ud328\ub2c8\uba54\uc774\uc640 \ud504\ub808\ub514\ub9e5\uc758 \ube44\uc988\ub2c8\uc2a4 \ubaa8\ub378, 2008\ub144 \uc0c1\uc7a5\ud3d0\uc9c0 \uc774\uc720, \uce58\uba85\uc801\uc778 \uc9c0\ubd84 \ud76c\uc11d \ub9ac\uc2a4\ud06c\ub97c \ubd84\uc11d\ud569\ub2c8\ub2e4. \ud55c\uad6d\uc5d0\uc11c \uc7a5\uc678\uc2dc\uc7a5(OTC) \ud328\ub2c8\uba54\uc774 \ud504\ub808\ub514\ub9e5 \uc8fc\uc2dd\uc744 \ub9e4\uc218\ud558\ub294 \ubc29\ubc95\uae4c\uc9c0 \uc11c\ud559\uac1c\ubbf8\ub97c \uc704\ud574 \uc644\ubcbd \uc815\ub9ac\ud588\uc2b5\ub2c8\ub2e4.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lifeis-picnic.com\/en\/fannie-mae-freddie-mac-investment-risk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\ud328\ub2c8\uba54\uc774 \ud504\ub808\ub514\ub9e5 \uc8fc\uac00 \uc804\ub9dd\uacfc \ube4c \uc560\ud06c\uba3c\uc758 10\ubc30 \uc218\uc775 \uc2dc\ub098\ub9ac\uc624 \ubd84\uc11d - Wealth Builder\" \/>\n<meta property=\"og:description\" content=\"\ube4c \uc560\ud06c\uba3c\uc774 10\ubc30 \uc218\uc775\uc744 \uc804\ub9dd\ud55c \ud328\ub2c8\uba54\uc774\uc640 \ud504\ub808\ub514\ub9e5\uc758 \ube44\uc988\ub2c8\uc2a4 \ubaa8\ub378, 2008\ub144 \uc0c1\uc7a5\ud3d0\uc9c0 \uc774\uc720, \uce58\uba85\uc801\uc778 \uc9c0\ubd84 \ud76c\uc11d \ub9ac\uc2a4\ud06c\ub97c \ubd84\uc11d\ud569\ub2c8\ub2e4. \ud55c\uad6d\uc5d0\uc11c \uc7a5\uc678\uc2dc\uc7a5(OTC) \ud328\ub2c8\uba54\uc774 \ud504\ub808\ub514\ub9e5 \uc8fc\uc2dd\uc744 \ub9e4\uc218\ud558\ub294 \ubc29\ubc95\uae4c\uc9c0 \uc11c\ud559\uac1c\ubbf8\ub97c \uc704\ud574 \uc644\ubcbd \uc815\ub9ac\ud588\uc2b5\ub2c8\ub2e4.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/lifeis-picnic.com\/en\/fannie-mae-freddie-mac-investment-risk\/\" \/>\n<meta property=\"og:site_name\" content=\"Wealth Builder\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-02T13:42:42+00:00\" \/>\n<meta name=\"author\" content=\"Wealth Builder\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Wealth Builder\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"13 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/lifeis-picnic.com\/fannie-mae-freddie-mac-investment-risk\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/lifeis-picnic.com\/fannie-mae-freddie-mac-investment-risk\/\"},\"author\":{\"name\":\"Wealth Builder\",\"@id\":\"https:\/\/lifeis-picnic.com\/#\/schema\/person\/b200ec0a96ae83a9ed94625f34985367\"},\"headline\":\"\ud328\ub2c8\uba54\uc774 \ud504\ub808\ub514\ub9e5 \uc8fc\uac00 \uc804\ub9dd\uacfc \ube4c \uc560\ud06c\uba3c\uc758 10\ubc30 \uc218\uc775 \uc2dc\ub098\ub9ac\uc624 \ubd84\uc11d\",\"datePublished\":\"2026-04-02T13:42:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/lifeis-picnic.com\/fannie-mae-freddie-mac-investment-risk\/\"},\"wordCount\":115,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/lifeis-picnic.com\/#\/schema\/person\/b200ec0a96ae83a9ed94625f34985367\"},\"keywords\":[\"\ubbf8\uad6d\uc7a5\uc678\uc8fc\uc2dd\",\"\ube4c\uc560\ud06c\uba3c\",\"\uc11c\ud559\uac1c\ubbf8\",\"\ud328\ub2c8\uba54\uc774\",\"\ud504\ub808\ub514\ub9e5\"],\"articleSection\":[\"\uc8fc\uc2dd \ubd84\uc11d\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/lifeis-picnic.com\/fannie-mae-freddie-mac-investment-risk\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/lifeis-picnic.com\/fannie-mae-freddie-mac-investment-risk\/\",\"url\":\"https:\/\/lifeis-picnic.com\/fannie-mae-freddie-mac-investment-risk\/\",\"name\":\"\ud328\ub2c8\uba54\uc774 \ud504\ub808\ub514\ub9e5 \uc8fc\uac00 \uc804\ub9dd\uacfc \ube4c \uc560\ud06c\uba3c\uc758 10\ubc30 \uc218\uc775 \uc2dc\ub098\ub9ac\uc624 \ubd84\uc11d - Wealth Builder\",\"isPartOf\":{\"@id\":\"https:\/\/lifeis-picnic.com\/#website\"},\"datePublished\":\"2026-04-02T13:42:42+00:00\",\"description\":\"\ube4c \uc560\ud06c\uba3c\uc774 10\ubc30 \uc218\uc775\uc744 \uc804\ub9dd\ud55c \ud328\ub2c8\uba54\uc774\uc640 \ud504\ub808\ub514\ub9e5\uc758 \ube44\uc988\ub2c8\uc2a4 \ubaa8\ub378, 2008\ub144 \uc0c1\uc7a5\ud3d0\uc9c0 \uc774\uc720, \uce58\uba85\uc801\uc778 \uc9c0\ubd84 \ud76c\uc11d \ub9ac\uc2a4\ud06c\ub97c \ubd84\uc11d\ud569\ub2c8\ub2e4. \ud55c\uad6d\uc5d0\uc11c \uc7a5\uc678\uc2dc\uc7a5(OTC) \ud328\ub2c8\uba54\uc774 \ud504\ub808\ub514\ub9e5 \uc8fc\uc2dd\uc744 \ub9e4\uc218\ud558\ub294 \ubc29\ubc95\uae4c\uc9c0 \uc11c\ud559\uac1c\ubbf8\ub97c \uc704\ud574 \uc644\ubcbd \uc815\ub9ac\ud588\uc2b5\ub2c8\ub2e4.\",\"breadcrumb\":{\"@id\":\"https:\/\/lifeis-picnic.com\/fannie-mae-freddie-mac-investment-risk\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/lifeis-picnic.com\/fannie-mae-freddie-mac-investment-risk\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/lifeis-picnic.com\/fannie-mae-freddie-mac-investment-risk\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\ud648\",\"item\":\"https:\/\/lifeis-picnic.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"\ud328\ub2c8\uba54\uc774 \ud504\ub808\ub514\ub9e5 \uc8fc\uac00 \uc804\ub9dd\uacfc \ube4c \uc560\ud06c\uba3c\uc758 10\ubc30 \uc218\uc775 \uc2dc\ub098\ub9ac\uc624 \ubd84\uc11d\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/lifeis-picnic.com\/#website\",\"url\":\"https:\/\/lifeis-picnic.com\/\",\"name\":\"Wealth Builder\",\"description\":\"Life is number driven picnic\",\"publisher\":{\"@id\":\"https:\/\/lifeis-picnic.com\/#\/schema\/person\/b200ec0a96ae83a9ed94625f34985367\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/lifeis-picnic.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\/\/lifeis-picnic.com\/#\/schema\/person\/b200ec0a96ae83a9ed94625f34985367\",\"name\":\"Wealth Builder\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/lifeis-picnic.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/99e56989b7a451d6a6f78002d97d9783898697d27ed868670a511230e5f54180?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/99e56989b7a451d6a6f78002d97d9783898697d27ed868670a511230e5f54180?s=96&d=mm&r=g\",\"caption\":\"Wealth Builder\"},\"logo\":{\"@id\":\"https:\/\/lifeis-picnic.com\/#\/schema\/person\/image\/\"},\"sameAs\":[\"http:\/\/ivy0914.mycafe24.com\/\"],\"url\":\"https:\/\/lifeis-picnic.com\/en\/author\/ivy0914\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"\ud328\ub2c8\uba54\uc774 \ud504\ub808\ub514\ub9e5 \uc8fc\uac00 \uc804\ub9dd\uacfc \ube4c \uc560\ud06c\uba3c\uc758 10\ubc30 \uc218\uc775 \uc2dc\ub098\ub9ac\uc624 \ubd84\uc11d - Wealth Builder","description":"\ube4c \uc560\ud06c\uba3c\uc774 10\ubc30 \uc218\uc775\uc744 \uc804\ub9dd\ud55c \ud328\ub2c8\uba54\uc774\uc640 \ud504\ub808\ub514\ub9e5\uc758 \ube44\uc988\ub2c8\uc2a4 \ubaa8\ub378, 2008\ub144 \uc0c1\uc7a5\ud3d0\uc9c0 \uc774\uc720, \uce58\uba85\uc801\uc778 \uc9c0\ubd84 \ud76c\uc11d \ub9ac\uc2a4\ud06c\ub97c \ubd84\uc11d\ud569\ub2c8\ub2e4. \ud55c\uad6d\uc5d0\uc11c \uc7a5\uc678\uc2dc\uc7a5(OTC) \ud328\ub2c8\uba54\uc774 \ud504\ub808\ub514\ub9e5 \uc8fc\uc2dd\uc744 \ub9e4\uc218\ud558\ub294 \ubc29\ubc95\uae4c\uc9c0 \uc11c\ud559\uac1c\ubbf8\ub97c \uc704\ud574 \uc644\ubcbd \uc815\ub9ac\ud588\uc2b5\ub2c8\ub2e4.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/lifeis-picnic.com\/en\/fannie-mae-freddie-mac-investment-risk\/","og_locale":"en_US","og_type":"article","og_title":"\ud328\ub2c8\uba54\uc774 \ud504\ub808\ub514\ub9e5 \uc8fc\uac00 \uc804\ub9dd\uacfc \ube4c \uc560\ud06c\uba3c\uc758 10\ubc30 \uc218\uc775 \uc2dc\ub098\ub9ac\uc624 \ubd84\uc11d - Wealth Builder","og_description":"\ube4c \uc560\ud06c\uba3c\uc774 10\ubc30 \uc218\uc775\uc744 \uc804\ub9dd\ud55c \ud328\ub2c8\uba54\uc774\uc640 \ud504\ub808\ub514\ub9e5\uc758 \ube44\uc988\ub2c8\uc2a4 \ubaa8\ub378, 2008\ub144 \uc0c1\uc7a5\ud3d0\uc9c0 \uc774\uc720, \uce58\uba85\uc801\uc778 \uc9c0\ubd84 \ud76c\uc11d \ub9ac\uc2a4\ud06c\ub97c \ubd84\uc11d\ud569\ub2c8\ub2e4. \ud55c\uad6d\uc5d0\uc11c \uc7a5\uc678\uc2dc\uc7a5(OTC) \ud328\ub2c8\uba54\uc774 \ud504\ub808\ub514\ub9e5 \uc8fc\uc2dd\uc744 \ub9e4\uc218\ud558\ub294 \ubc29\ubc95\uae4c\uc9c0 \uc11c\ud559\uac1c\ubbf8\ub97c \uc704\ud574 \uc644\ubcbd \uc815\ub9ac\ud588\uc2b5\ub2c8\ub2e4.","og_url":"https:\/\/lifeis-picnic.com\/en\/fannie-mae-freddie-mac-investment-risk\/","og_site_name":"Wealth Builder","article_published_time":"2026-04-02T13:42:42+00:00","author":"Wealth Builder","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Wealth Builder","Est. reading time":"13 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/lifeis-picnic.com\/fannie-mae-freddie-mac-investment-risk\/#article","isPartOf":{"@id":"https:\/\/lifeis-picnic.com\/fannie-mae-freddie-mac-investment-risk\/"},"author":{"name":"Wealth Builder","@id":"https:\/\/lifeis-picnic.com\/#\/schema\/person\/b200ec0a96ae83a9ed94625f34985367"},"headline":"\ud328\ub2c8\uba54\uc774 \ud504\ub808\ub514\ub9e5 \uc8fc\uac00 \uc804\ub9dd\uacfc \ube4c \uc560\ud06c\uba3c\uc758 10\ubc30 \uc218\uc775 \uc2dc\ub098\ub9ac\uc624 \ubd84\uc11d","datePublished":"2026-04-02T13:42:42+00:00","mainEntityOfPage":{"@id":"https:\/\/lifeis-picnic.com\/fannie-mae-freddie-mac-investment-risk\/"},"wordCount":115,"commentCount":0,"publisher":{"@id":"https:\/\/lifeis-picnic.com\/#\/schema\/person\/b200ec0a96ae83a9ed94625f34985367"},"keywords":["\ubbf8\uad6d\uc7a5\uc678\uc8fc\uc2dd","\ube4c\uc560\ud06c\uba3c","\uc11c\ud559\uac1c\ubbf8","\ud328\ub2c8\uba54\uc774","\ud504\ub808\ub514\ub9e5"],"articleSection":["\uc8fc\uc2dd \ubd84\uc11d"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/lifeis-picnic.com\/fannie-mae-freddie-mac-investment-risk\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/lifeis-picnic.com\/fannie-mae-freddie-mac-investment-risk\/","url":"https:\/\/lifeis-picnic.com\/fannie-mae-freddie-mac-investment-risk\/","name":"\ud328\ub2c8\uba54\uc774 \ud504\ub808\ub514\ub9e5 \uc8fc\uac00 \uc804\ub9dd\uacfc \ube4c \uc560\ud06c\uba3c\uc758 10\ubc30 \uc218\uc775 \uc2dc\ub098\ub9ac\uc624 \ubd84\uc11d - Wealth Builder","isPartOf":{"@id":"https:\/\/lifeis-picnic.com\/#website"},"datePublished":"2026-04-02T13:42:42+00:00","description":"\ube4c \uc560\ud06c\uba3c\uc774 10\ubc30 \uc218\uc775\uc744 \uc804\ub9dd\ud55c \ud328\ub2c8\uba54\uc774\uc640 \ud504\ub808\ub514\ub9e5\uc758 \ube44\uc988\ub2c8\uc2a4 \ubaa8\ub378, 2008\ub144 \uc0c1\uc7a5\ud3d0\uc9c0 \uc774\uc720, \uce58\uba85\uc801\uc778 \uc9c0\ubd84 \ud76c\uc11d \ub9ac\uc2a4\ud06c\ub97c \ubd84\uc11d\ud569\ub2c8\ub2e4. \ud55c\uad6d\uc5d0\uc11c \uc7a5\uc678\uc2dc\uc7a5(OTC) \ud328\ub2c8\uba54\uc774 \ud504\ub808\ub514\ub9e5 \uc8fc\uc2dd\uc744 \ub9e4\uc218\ud558\ub294 \ubc29\ubc95\uae4c\uc9c0 \uc11c\ud559\uac1c\ubbf8\ub97c \uc704\ud574 \uc644\ubcbd \uc815\ub9ac\ud588\uc2b5\ub2c8\ub2e4.","breadcrumb":{"@id":"https:\/\/lifeis-picnic.com\/fannie-mae-freddie-mac-investment-risk\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/lifeis-picnic.com\/fannie-mae-freddie-mac-investment-risk\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/lifeis-picnic.com\/fannie-mae-freddie-mac-investment-risk\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\ud648","item":"https:\/\/lifeis-picnic.com\/"},{"@type":"ListItem","position":2,"name":"\ud328\ub2c8\uba54\uc774 \ud504\ub808\ub514\ub9e5 \uc8fc\uac00 \uc804\ub9dd\uacfc \ube4c \uc560\ud06c\uba3c\uc758 10\ubc30 \uc218\uc775 \uc2dc\ub098\ub9ac\uc624 \ubd84\uc11d"}]},{"@type":"WebSite","@id":"https:\/\/lifeis-picnic.com\/#website","url":"https:\/\/lifeis-picnic.com\/","name":"Wealth Builder","description":"Life is number driven picnic","publisher":{"@id":"https:\/\/lifeis-picnic.com\/#\/schema\/person\/b200ec0a96ae83a9ed94625f34985367"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/lifeis-picnic.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"https:\/\/lifeis-picnic.com\/#\/schema\/person\/b200ec0a96ae83a9ed94625f34985367","name":"Wealth Builder","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/lifeis-picnic.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/99e56989b7a451d6a6f78002d97d9783898697d27ed868670a511230e5f54180?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/99e56989b7a451d6a6f78002d97d9783898697d27ed868670a511230e5f54180?s=96&d=mm&r=g","caption":"Wealth Builder"},"logo":{"@id":"https:\/\/lifeis-picnic.com\/#\/schema\/person\/image\/"},"sameAs":["http:\/\/ivy0914.mycafe24.com\/"],"url":"https:\/\/lifeis-picnic.com\/en\/author\/ivy0914\/"}]}},"_links":{"self":[{"href":"https:\/\/lifeis-picnic.com\/en\/wp-json\/wp\/v2\/posts\/560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeis-picnic.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeis-picnic.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeis-picnic.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeis-picnic.com\/en\/wp-json\/wp\/v2\/comments?post=560"}],"version-history":[{"count":1,"href":"https:\/\/lifeis-picnic.com\/en\/wp-json\/wp\/v2\/posts\/560\/revisions"}],"predecessor-version":[{"id":561,"href":"https:\/\/lifeis-picnic.com\/en\/wp-json\/wp\/v2\/posts\/560\/revisions\/561"}],"wp:attachment":[{"href":"https:\/\/lifeis-picnic.com\/en\/wp-json\/wp\/v2\/media?parent=560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeis-picnic.com\/en\/wp-json\/wp\/v2\/categories?post=560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeis-picnic.com\/en\/wp-json\/wp\/v2\/tags?post=560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}