Are my bonds in fannie mae safe?
Yes, your Fannie Mae bonds and Freddie Mac bonds are extremely safe investments. Our government has always had in implicit guarantee to stand behind all debt issues by Fannie Mae and Freddie Mac.
Recently the governement has placed those two companies into conservertership. This means the United States government has basically taken over both companies and is now in charge of. When the government took that step they also stated at that time that they explicity stand behind all debt issued by both Fannie Mae and Freddie Mac. This places Fannie and Freddie bonds into the same category of US treasury notes. US treasury notes have always enjoyed the highest ratings and are considered to be zero risk to investors. So, with this move Fannie Mae and Freddie Mac bonds should be considered very low risk.