Monday, November 8, 2010

US Govt Mortgage loan body in trouble.

Bank reports highlight growing risks in Ginnie Mae mortgage pools

Fannie Mae and Freddie Mac are quasi-US-Govt. bodies i.e. The US govt. does not need to stand behind them but does due to a lot of investors buy its bonds due to US govt. implicit backing. But many other like Ginnie Mae have fully backed by US Govt. Well this body seems to be in trouble based on two reports.

Posted by deepak @ 11:39 PM (709 views)
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