Definition of "nonagency" [nonagency]

• Not of pertaining to an agency. (adjective)

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• "In addition to subprime bonds, conservative investors are re-entering the market for other so-called nonagency bonds, which means they aren't backed by Fannie Mae or Freddie Mac."
• "These securities also called nonagency bonds because they aren't guaranteed by government-sponsored enterprises such as Fannie Mae, Freddie Mac or Ginnie Mae offer portfolio managers as much as twice the yield of comparably rated corporate bonds yield and three times the payout on Treasurys."
• "Known as "nonagency" mortgages, these don't conform to Fannie Mae and Freddie Mac standards."