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American Capital Agency Corp. Message Board

  • munirqasim42 munirqasim42 Oct 30, 2012 3:58 PM Flag

    Effect of Miss Sandy on the Price of AGNC?

    Do you think AGNC is affected materially by this storm sandy? Most of the properties they mortgaged in the Eastern United States might have been afected that may affect the price of the stock tomorrow. Any idea?.

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    • The short answer ---- no. AGNC owns government backed loans (agency). And I believe it is still a requirement to have homeowners insurance when engaged in a mortgage. I suppose if homeowners had to default because they couldn't afford their deductable then there could be an uptick in CPR, but I highly doubt it would amount to anything significant.

      Sounds weird, but the impact area could see significant growth as people are put to work repairing the damage (and insurance premiums rise). :o)

 
AGNC
23.45-0.06(-0.26%)Jul 24 4:00 PMEDT

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