How does the guarantee for a Ginnie Mae mortgage-backed security differ from that of a mortgage-backed security

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How does the guarantee for a Ginnie Mae mortgage-backed security differ from that of a mortgage-backed security issued by Fannie Mae and Freddie Mac?

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Bond Markets Analysis and Strategies

ISBN: 978-0133796773

9th edition

Authors: Frank J.Fabozzi

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Question Posted: Aug 22, 2015 07:33 AM

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How does the guarantee for a Ginnie Mae mortgage-backed security differ from that of a mortgage-backed security

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Ginnie Mae unlike Fannie Mae and Freddie Mac are guaranteed by the full faith and credit of the US government More details are given belowGinnie Mae i...View the full answer

Bond Markets Analysis and Strategies

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