- Q2 net spread and dollar roll income per share of $0.52 vs. $0.49 in Q1. Both results include $0.08 per share in servicing loss. Dividend is $0.50.
- Book value per share of $20.70 vs. $22 a quarter earlier. Today's close of $16.10 is a 22.2% discount to book. 3.7% economic net loss for the Q based on the $0.50 dividend minus the $1.30 decline in book value.
- CPR on agency holdings of 8.1% vs. 7.7% in Q1. 4.1x "at risk" leverage vs. 4.2x in Q1.
- Servicing portfolio remains at about $13B in UPB. Q2 servicing income of $11.4M and expenses of $15.5M.
- Conference call tomorrow at 11 ET
- Previously: American Capital Mortgage reports Q2 results (July 29)
- MTGE flat after hours