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Mortgage Securities Are a Good Investment if Loan Demand Is Low

TALLAHASSEE, Fla. -- Despite all the bad press mortgage-backed securities have received--or actually, because of it--some credit unions are snapping up the controversial investments, which many think are presently undervalued.

By Heather Anderson | Updated on October 07, 2008

TALLAHASSEE, Fla. — Despite all the bad press mortgage-backed securities have received–or actually, because of it–some credit unions are snapping up the controversial investments, which many think are presently undervalued.

Dan McGowan, senior vice president/chief financial officer of $208 million Envision Credit Union, recently invested $33 million in mortgage-backed securities, representing his credit union’s entire investment portfolio.

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