Investing questions on Eastern Airlines and GNMA certificates
A reader asks about the safety of Eastern Airlines convertible debentures and the status of Continental Investment Corp of Massachusetts. The column explains GNMA pass through certificates, their structure, monthly income, risks, denominations, how to buy, and current yields. It notes GNMA backstops mortgages and the role of Ginnie Mae in housing finance.
MENTIONED IN THIS ARTICLE
Eastern Airlines
Continental Investment Corp
Massachusetts
J.M
Connecticut
Eastern
Continental Investment
New York
Government National Mortgage Association
Federal National Mortgage Association
GNMA
Ginnie Mae
Sargent
Los Angeles Times Syndicate
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