What is a Mortgage Backed Security?
Mortgage Backed Security:
A security that is secured by a mortgage or a group of mortgages.

Investors who buy mortgage backed securities are essentially loaning their
money to home buyers or businesses with real estate as collateral for the

Fannie Mae and Freddie Mac offer mortgage backed securities. However,
they do not enjoy the full faith and credit of the U. S. government.

For that guarantee, you'll have to invest in
Ginnie Maes.
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