Recently gone-public Javelin Mortgage (JMI) provides its initial company update, showing a heavy...


Recently gone-public Javelin Mortgage (JMI) provides its initial company update, showing a heavy titt to Agency MBS - $1.2B, as opposed to $131M for non-Agency. Leverage is 7.6x capital vs. a target of 7.5. Consistent with the business plan, the non-Agency paper - purchased at 81.7% of par - is non-hedged. (PR)

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