Trump requests reform plans for Fannie Mae, Freddie Mac - Reuters
Trump requests reform plans for Fannie Mae, Freddie Mac - Reuters
President Donald Trump signed a memorandum on Wednesday directing federal agencies to develop a plan to overhaul the U.S. housing finance system, the White House said.
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Industry description
The fund invests mainly in mortgages, mortgage-related fixed income securities and related derivatives that are either investment-grade or below-investment-grade in quality (sometimes referred to as "junk bonds"). Under normal circumstances, it invests at least 80% of its net assets (plus any borrowings for investment purposes) in mortgages, mortgage-related fixed income securities and related derivatives (i.e., derivatives used to acquire exposure to, or whose underlying securities are, mortgages or mortgage-related securities).