Prices of mortgage securities issued by government agencies—Fannie Mae, Freddie Mac and Ginnie Mae—climbed to 15-year highs amid a surge in demand for investments that are as safe as Treasurys but offer better returns. These bonds, which are effectively guaranteed by the US government, now trade above their face value.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio