2023-06-22 07:10:00 ET
Over the past year, times have been tough in the mortgage industry. Mortgage originators have suffered from declining origination volume, while mortgage real estate investment trusts (REITs) have seen mortgage-backed securities underperform Treasuries, which led to declining book value per share.
Most mortgage REITs cut their dividends last year, but two companies, AGNC Investment (NASDAQ: AGNC) and Rithm Capital (NYSE: RITM) , have maintained their dividends over the past year. Which one is the better buy?
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Better Buy: AGNC Investment or Rithm Capital