Agency Mortgage-Backed Security

Agency mortgage-backed security is a mortgage-backed security issued or guaranteed by a U.S. government agency or government-sponsored enterprise, with the exact guarantee depending on the issuer.

Why this matters to income investors

Agency backing affects credit exposure, while interest-rate and prepayment risks still matter for income.

How to use agency mortgage-backed security in your research

Read the underlying loan and security disclosures. Check repayment speed, credit losses, financing, and payment priority because each can change the cash income available to investors.

This material is general education and information, not individualized investment, tax, or legal advice.