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.

Most Popular Articles

Former Fannie Mae employee gets 6 years in prison for making $1 million on shady foreclosure sales

A former Fannie Mae employee will spend more than the next six years in prison after being found guilty of accepting more than a million dollars in bribes and kickbacks in exchange for selling Fannie Mae-owned foreclosures for less than market value.

Jan 15, 2020 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please