AGNC - Better Buy: AGNC Investment vs. New Residential
The mortgage industry is deeply unpopular right now. Mortgage bankers are facing declining origination volumes as interest rates rise, and mortgage real estate investment trusts (REITs) are under the dark cloud of Fed policy.
Despite the difficult environment, some mortgage stocks are better positioned than others. AGNC Investment (NASDAQ: AGNC) is the classic agency mortgage REIT, while New Residential (NYSE: NRZ) is a mortgage REIT that also originates mortgages. Which one is better positioned for this environment?
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Better Buy: AGNC Investment vs. New Residential