Profile: AGNC Investment Corp (AGNCP.OQ)
26 May 2017
AGNC Investment Corp., formerly American Capital Agency Corp., incorporated on January 7, 2008, is a real estate investment trust (REIT). The Company primarily invests in agency residential mortgage-backed securities on a leveraged basis. The Company's investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).
The Company's agency securities include agency residential mortgage-backed securities (Agency RMBS) and to-be-announced forward contracts (TBAs). Its primary investments consist of agency pass-through certificates representing interests in pools of mortgage loans secured by residential real property. The Company also invests in agency CMOs, which are structured instruments representing interests in agency residential pass-through certificates, and interest-only, inverse interest-only and principal-only securities, which represent the right to receive a specified proportion of the contractual interest or principal flows of specific agency CMO securities. TBAs are forward contracts to purchase or sell Agency RMBS.
The Company's Non-Agency Securities include credit risk transfer securities (CRT), non-agency residential mortgage-backed securities (Non-Agency RMBS) and commercial mortgage-backed securities (CMBS). CRT securities are risk sharing instruments that transfer a portion of the risk associated with credit losses within pools of conventional residential mortgage loans from the GSEs and/or third parties to private investors, such as the Company. Non-Agency RMBS are securities backed by residential mortgages, for which payment of principal and interest is not guaranteed by a GSE or government agency. Residential non-Agency securities are backed by residential mortgages that can be consists of prime mortgage or nonprime mortgage loans. The Company also purchases Agency or non-Agency multifamily securities where the collateral backing the securitization consists in whole or in part of loans to properties housing multiple tenants. CMBS are securities that are structured utilizing collateral pools consists of commercial mortgage loans. CMBS can be structured as pass-through securities.
AGNC Investment Corp
2 Bethesda Metro Ctr Fl 12
BETHESDA MD 20814-6319
Company Web Links
- BRIEF-AGNC Investment says estimated net book value of $21.12/shr as of April 30
- BRIEF-Agnc Investment Corp announces pricing of public offering of common stock
- BRIEF-AGNC Investment Corp announces public offering of common stock
- BRIEF-MTGE Investment reports on AGNC Investment
- BRIEF-AGNC Investment files to say it entered into separate sales agreements with each of Cantor Fitzgerald & Co. and Wells Fargo Securities