"Agency" REITs holding up nicely through the crisis

03/30/2009 | NYTimes.com

One class of real estate investment, "agency" REITs that invest primarily in mortgages backed by Fannie Mae and Freddie Mac, currently are performing better than other segments of the REIT market, thanks in part to the fact that their investments are effectively guaranteed by the federal government. "These are recession-friendly companies," said a senior research analyst at JMP Securities, Steven C. DeLaney.

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