More on Western Asset Management (WMC) Q3 earnings: Book value/share of $21.76 is below the...

|About: Western Asset Mortgage C... (WMC)|By:, SA News Editor

More on Western Asset Management (WMC) Q3 earnings: Book value/share of $21.76 is below the Sept. 14 update of $22.68, but 7.9% higher than Q2. Net interest spread of 2% vs. 2.45% in Q2. CPR of 4.1% vs. 5.7% during Q2's final month. "In spite of the impact" of QE3, the company remains optimistic it can find places to invest and has taken advantage of lower volatility to increase leverage to 8.5X from 8.3X (some other mREITs are taking caution). (PR)