American Capital Agency: Time To Abandon Ship?

The pain continues. May has been an awful month for investors in the mortgage real estate investment trusts (mREITs) as the entire sector has seen a sell-off after poor earnings from both American Capital Agency (AGNC) and Annaly Capital (NLY). There was also disappointment reported from the hybrid mREIT American Capital Mortgage (MTGE). Last week, we saw a similarly depressing earnings announcement from an up and comer in the mREIT space, Western Asset Mortgage (WMC). After being inundated with inquiries regarding the future of AGNC and its main competitors, I felt compelled to.........READ MORE