Fannie & Freddie

Sep 09, 2008 1 Replies
E

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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J

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

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