With a forward dividend yield of about 14%, AGNC Investment (NASDAQ: AGNC) is a stock that likely shows up on a lot of income-focused investors' radars. The mortgage real estate investment trust (mREIT), which buys government agency mortgage-backed securities (MBS), has had a difficult few years due to increasing interest rates that have reduced the value of its holdings.

With the mREIT recently reporting its second-quarter results, let's see if there are signs of a turnaround ahead.

The biggest issue facing AGNC over the past few years is the drag that higher interest rates have had on its MBS portfolio, which is reflected in its tangible book value (TBV).

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Source Fool.com