That statement isn't correct.
Yeah, fstout just knows he saw the word mortgage somewhere.
He likely thinks that fighting Civil War soldiers were civil to each other.
One more time Sherlock. AGNC invests EXCLUSIVELY in single-family residential mortgage pass-through securities and collateralized mortgage obligations on a leverage basis. PERIOD
And in interest rate swap options (swaptions), and in an off-book company that buys and sells TBA dollar rolls (which, in contravention of its intent to hedge MBS price fluctuations, is currently sucking the life out of the parent company).
They might also be playing a little BJ.
They are federally insured.
In contrast, NLY is a diversified REIT investing in mortgages PLUS financial services. You need to do your homework Sherlock.
Click on Profile and read.