|
Posted by joetaxpayer on September 8, 2008, 10:07 pm
Elizabeth Richardson wrote:
> 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
Only insofar as the ripple effect of news going through the market.
GNMA site http://www.ginniemae.gov/ 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.
| 
Yahoo! 
Google 
Windows Live 
del.icio.us 
digg 
Netscape 
XML Sitemap