AGNC Keeps Losing Ground on This Key Metric
The Motley Fool
JULY 3, 2023
In the case of AGNC, it owns mortgages that have been pooled together into tradable securities often called something like a collateralized mortgage obligation (CMO). On top of that, mortgage REITs generally make use of leverage in an effort to enhance returns. That leverage is often backed by the value of the CMO portfolio it owns.
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