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GNMA bonds not showing correct market value

I added my investment accounts from Charles Schwab...
You can see that the GNMA bonds have a value of about $926. When I added the account to Quicken, here is what it showed...



The value is over $200,000 -- while I wish this were true, it's not... Any ideas on how to fix this? I noticed that the cost basis in the Quicken screen shows $0 and maybe that is why it is giving me these inflated numbers?

New user... please help!!

Answers

  • Tom Young
    Tom Young SuperUser ✭✭✭✭✭
    edited January 23
    No Mortgage Backed Security (MBS) - which is what a GNMA is - can have its quoted price downloaded into Quicken and have the math come out correctly because the market value also includes a "factor", which is a number reflecting how much of the original loan principal remains in the pool of mortgages backing the bond.  The best you can do is calculate a derived quote that you manually enter.
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