AGNC Investment Names Dr. Morris Davis to Board, Expanding to Ten Members

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AGNC Investment Corp elected Dr. Morris Davis to its board effective January 12, 2026, expanding its board to ten members with eight independents. Davis will serve on the Compensation and Corporate Governance Committee after leaving his role as Chief Housing Economist at the Council of Economic Advisors in March 2025.

1. AGNC Shares Outperform Broader Market with Nearly 2% Gain

AGNC Investment shares rose by 1.94% in the latest trading session, bucking a broader market downturn where the S&P 500 declined by approximately 0.7% and the Nasdaq Composite slipped 0.5%. Trading volume for AGNC was 4.3 million shares, roughly in line with its 30-day average of 4.2 million, suggesting steady investor interest. The gain reflects renewed optimism in agency mortgage-backed securities amid signals that short-term borrowing costs may ease slightly in coming quarters, improving the spread between AGNC’s repurchase agreement funding rates and yields on its long-duration MBS portfolio.

2. AGNC Elects Dr. Morris Davis to Board, Bolstering Housing Expertise

On January 12, 2026, AGNC’s Board of Directors elected Dr. Morris Davis as an independent director, expanding the board to ten members, eight of whom are independent. Dr. Davis previously served from May 2008 to March 2025 before joining the Council of Economic Advisors as Chief Housing Economist. He will join the Compensation and Corporate Governance Committee, bringing over 15 years of academic leadership in real estate and housing policy. As Paul V. Profeta Chair at Rutgers Business School and a visiting scholar at two Federal Reserve Banks, Dr. Davis has published research cited over 5,400 times, strengthening AGNC’s governance with deep insight into mortgage finance and macroeconomic trends.

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