AGNC - American Capital Agency Corp.

[CassiusKing1]

This is intriguing to say the least.  A leveraged real estate play.  I would assume should be alright til the housing market/economy completely turns for the better.  Plus a 20% div while you're waiting doesn't hurt.

 

Anybody else came across this and gave it a look?

[Junto]

I recently sold after a 18 month holding period. A lot of interest rate risk and bond rates are at lows.

[CassiusKing1]

The Fed should keep rates low for the next 12-48 months.  As other pundits have agreed.  Isn't that the perfect window to hold this stock?

[PlanMaestro]

The Fed should keep rates low for the next 12-48 months.  As other pundits have agreed.  Isn't that the perfect window to hold this stock?

 

Have you thought about the implications of a large mortgage refinancing led by Fannie and Freddie? De Marco is under siege at this very moment for this very reason.

[CassiusKing1]

The Fed should keep rates low for the next 12-48 months.  As other pundits have agreed.  Isn't that the perfect window to hold this stock?

 

Have you thought about the implications of a large mortgage refinancing led by Fannie and Freddie? De Marco is under siege at this very moment for this very reason.

Thanks.

From what I've been reading it looks like it will be very difficult to remove DeMarco from his position.  Unless he completely changes his stance, I don't see Fannie or Freddie refi'ing any loans or going forward with principal write downs.

[taymere]

The Fed should keep rates low for the next 12-48 months.  As other pundits have agreed.  Isn't that the perfect window to hold this stock?

 

Have you thought about the implications of a large mortgage refinancing led by Fannie and Freddie? De Marco is under siege at this very moment for this very reason.

Thanks.

From what I've been reading it looks like it will be very difficult to remove DeMarco from his position.  Unless he completely changes his stance, I don't see Fannie or Freddie refi'ing any loans or going forward with principal write downs.

 

Not principal write-downs but rather  HARP 2.5 will happen after the November elections. I define HARP 2.5 as cross servicer indemnification for representation and warrant breaches. Right now if your current servicer gives you a HARP 2.0 refi that indemnification feature means he gets a get out of jail free card for R&W breaches from the FHA, so no matter how fraudulently the original loan was underwritten he will never be forced to repurchase it if the borrower eventually defaults. That's a big incentive for servicers to HARP refi their own loans. But if that indemnification is extended across servicers in HARP 2.5 there will be competition between servicers to refinance each others shoddy portfolios and prepayments will skyrocket hurting mREITS.

[daftcyborg]

I saw this stock, American Capital Agency Corp. (AGNC), it's a REIT with a 11% dividend, P/E of roughly 9.98.  Looks fairly good, any thoughts?  George Soros has a stake in it as well.

 

http://finance.yahoo.com/q?s=agnc

[PatientCheetah]

No one will do the work for you, please refrain from begging for other's work without contributing.

 

I would at least read the 10ks and figure out how the business works and the main controversies before posting. The forum is best used for understanding different point of views.

[sys]

there's a guy on seeking alpha that provides good commentary on agnc (and to a lesser extent the other big mreits).  scott kennedy.