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Fannie Mae, Freddie Mac, and Ginnie Mae buy mortgages and problem and/or assure MBS as part of their efforts to assist the MBS business and make homeownership potential for more individuals. It's important to note that the U.S. Why do Mortgage-Backed Securities matter? In the end, the mortgage-backed securities business gives lenders with extra cash to make more mortgage loans. Also, banks which are averse to mortgage lending or are frightened about dropping cash if borrowers prepay their mortgages can mit risks by promoting their mortgages, and thus transferring these risks, to MBS issuers. Nonetheless, each entities have traces of credit score with the government, and traders generally believe that the government wouldn't actually allow them to default on any of their securities. MBS issuers. GNMA MBS have the lowest threat of the three, because they carry an specific guarantee from the federal government. That's, if these entities can't fulfill their obligations to their MBS investors, the federal authorities has no duty to rescue them. This regular provide of mortgage funds keeps mortgage rates aggressive and mortgages readily available. The government Nationwide Mortgage Association (GNMA, or "Ginnie Mae"), on the other hand, is a governmental entity that doesn't purchase mortgages but does assure (with the full faith and credit score of the U.S. Freddie Mac or Fannie Mae. Freddie Mac and Fannie Mae (each government- sponsored entities) guarantee the timely payment of curiosity and principal on the MBS they situation -- that's, if the borrowers do not make their mortgage funds on time, Freddie Mac and Fannie Mae will still make their funds to their MBS traders.