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Fannie & Freddie

Does the takeover/bailout affect GNMA funds? If so, how? I don't own any such funds, by my mother's income, while she lived, was dependent on a GNMA fund, so I am curious.

Elizabeth Richardson

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Elizabeth Richardson
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Only insofar as the ripple effect of news going through the market. GNMA site

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states "The only mortgage-backed security that enjoys the full faith and credit of the United States Government. So it appears GNMA is already a full government entity where Freddie and Fannie were more like the Post Office, sort of. i.e. a separate entity.

Joe

-------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup.

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joetaxpayer

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