Noted with hope in the Hatteras earnings call is this morning's 13% plunge in mortgage refinance...

|By:, SA News Editor

Noted with hope in the Hatteras earnings call is this morning's 13% plunge in mortgage refinance activity (though the Columbus Day holiday may be behind this). Along with narrowing margins, prepayments are a major concern for mortgage REITs, and the tumbling sector will take the good news where it can get it.