Who created the mortgage backed security?

Answer Mortgage-backed securities were formed by the U.S. government in 1938, under the Federal National Mortgage Association (FNMA), today known as "Fannie Mae." The purpose of the group was to promote h... Read More »

Top Q&A For: Who created the mortgage backed security

Who created mortgage-backed securities?

Mortgage-backed securities were pioneered in the late 1970s by Lewis S. Ranieri, a trader at Salomon Brothers. Mortgage-backed securities are fixed-income instruments that contain pools of mortgag... Read More »

What is an FHA-Backed Mortgage?

FHA-backed mortgages are home loans that the Federal Housing Administration guarantees. This guarantee makes the loan a lower risk for lenders because the FHA protects their investment in case the ... Read More »

Who invented mortgage backed securities?

Mortgage-backed securities (MBSs) were not invented by any one person but rather developed as a tradable entity over time, beginning in the 1970s, and were first introduced by the Government Nation... Read More »

Are government mortgage-backed bonds safe?

On One Hand: Very Safe InvestmentsGovernment mortgage-backed bonds, commonly invested in Fannie Mae and Freddie Mac, are considered very safe investments. These bonds often provide higher returns t... Read More »