The string of mortgage REIT buyback announcements continues: Western Asset Mortgage (WMC)...

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

The string of mortgage REIT buyback announcements continues: Western Asset Mortgage (WMC) announces board approval of a repurchase plan of up to 2.4M shares, about 23% of the float. Book value/share as of Sept. 30: $21.76. Friday's closing price: $19.36. Shares +1.5% premarket. (PR)