What is agency MBS?
Mortgage-backed securities guaranteed by Fannie Mae, Freddie Mac, or Ginnie Mae. They carry very limited credit risk but significant interest rate, prepayment, and leverage risk.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.