WASHINGTON, DC-Ironically, the instrument that triggered the financil crisis, mortgage-backed securities, continues to be the top-performing channel for investment, about three years after the crisis kicked off.
Mutual funds investing in state-issued mortgage-backed securities have reported an increase of 24.8% over the past three years. The promising performance has been posted only by securities backed by the government or put together by Freddie Mac and Fannie Mae. For the full story, go to Housing Wire.
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