American Capital Agency (NASDAQ:AGNC)
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The company is organized as a real estate investment trust. It uses leverage to invest in single-family residential mortgage pass-through securities and collateralized mortgage obligations that are guaranteed by the U.S. Government.
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QE3 won't last forever. It has effectively boosted housing prices and lowered default numbers. In turn, AGNC's assets have higher book value. The company recently announced a share buyback for when shares fall below book value. Currently, trading at a price 5% below book value should present investors with a chance to get in near the floor.