More on the Citi mREIT note (previous): The team is more constructive on the credit-sensitive...
More on the Citi mREIT note (previous): The team is more constructive on the credit-sensitive players, reiterating a Buy on PennyMac (PMT) and believing commercial mortgage REITs like Starwood (STWD) and Blackstone Mortgage (BXMT) have been treated too harshly. Hybrids (IVR, TWO, MFA, DX, WMC, JMI come to mind) are likely to find the negative impact of their agency holdings offsetting any benefit from their nonagency paper.
From other sites
at CNBC.com (Aug 13, 2013)
at CNBC.com (May 14, 2013)
at CNBC.com (Dec 1, 2011)
at CNBC.com (Nov 21, 2011)
at CNBC.com (Aug 4, 2010)
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