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)
Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>