A Bull Market Could Be Here: AGNC Investment Isn't the Bargain You Think
The Motley Fool
JULY 29, 2023
Mortgage REITs buy mortgages that have been cobbled together into bond-like securities, often called collateralized mortgage obligations (CMO). To complicate things, mortgage REITs generally use leverage, often backed by the value of the CMOs it owns, in an attempt to enhance returns. Image source: Getty Images. A lot can go wrong.
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