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Mortgage REIT owners shouldn't take any comfort from recent downticks in mortgage refinance...

  • Thursday, November 1, 2012, 9:27 AM ET
    Mortgage REIT owners shouldn't take any comfort from recent downticks in mortgage refinance activity, says American Capital Agency CEO Gary Kain on the earnings call. Interest rates ticked up a bit and mortgage companies have capacity issues, but don't expect either to last. He again points out, AGNC's concentration on low balance mortgages protects it somewhat from prepayment risk.
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This news story has 2 comments:

  •  
    Bottom line "between the lines", I would expect a decrease in the dividend by 100-200 bps in the next Q or 2.
    1 Nov 2012, 09:31 AM Reply Like
  •  
    Whatever happens, at least they aren't going bankrupt.
    1 Nov 2012, 10:47 AM Reply Like
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