AGNC is buying mortgages guranteed by the federal gov. Is this a correct statement? Or are they guranteed by freddie and fannie? And since AGNC is buying these obligations, what is their chance of not being repaid. I am interested in AGNC and if I understand it well enough I may buy in. I already own ACAS and think that they are a good company, but I need more info on AGNC.
I read today that the analysts think that this stock could pay up to $4 a share divi. So I bought a little and if the price drops back some I may buy some more. Even if the divi is only $2.60 that translates into about a 16% yield. At $4 it translates into about 25% yield. No bank is paying anywhere near that.
Thanks for your reply. I see that they paid $.31 for little more than one month. What do you think the yearly divi will be? My guess is between $2.60 and $3.60. With all the turmoil in the financial market it is vey hard to decide when to buy when the market drops nearly daily. Does anyone know where AGNC may list what it is buying in the percentages of each type? And could you give a link please? Thanks in advance.