Fannie Mae (FNMA)

[Mikey Mike]

Here's a thought...why use Fannie and Freddie to do their dirty job when they can do that with Ginnie Mae which has explicit mortgage guarantee. It's to make sure they take on high risk to give the public more of a negative view of Fannie and Freddie once they have to borrow once again due to politician's motives. There's no reason they can't do the same with Ginnie Mae, but won't since it's already owned by the U.S. government and will look bad on them.