Anything to do with housing, we are long, Kyle Bass tells CNBC. This includes MBS (MBB),...


Anything to do with housing, we are long, Kyle Bass tells CNBC. This includes MBS (MBB), mortgage servicing rights (Bass doesn't mention names, but OCN, NSM, WAC, NCT are among the players), and conventional mortgage insurers. The interview also contains familiar red meat concerning the Japan debt bomb, with Bass saying the timetable for detonation has moved up.
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Comments (7)
  • Michael Bryant
    , contributor
    Comments (6290) | Send Message
     
    Long (NCT). Great dividend.
    18 Jan 2013, 04:02 PM Reply Like
  • Tres Knippa
    , contributor
    Comments (40) | Send Message
     
    Might want to check out ShortJapandebt.com for more articles on Japan
    18 Jan 2013, 04:07 PM Reply Like
  • bbro
    , contributor
    Comments (10933) | Send Message
     
    Will someone ask Mr Bass how his widowmaker trade is doing??
    18 Jan 2013, 04:17 PM Reply Like
  • bbro
    , contributor
    Comments (10933) | Send Message
     
    Since 11/09/11 JGBS is -3.19%..SPY up 23.61%
    18 Jan 2013, 04:22 PM Reply Like
  • smurf
    , contributor
    Comments (5445) | Send Message
     
    NCT seems to be quite the flavor these days. Time to short it?
    18 Jan 2013, 04:34 PM Reply Like
  • BonnieEmber
    , contributor
    Comments (45) | Send Message
     
    Greetings,

     

    I have been a Real Estate Investor since the Mid 1980's.

     

    I have financed my documentary films by this.

     

    We need to remember that the lack of Building Construction for the past 5 years, & the REIT's getting Bank REO's in bulk,
    There is a Great move upwards in the works.

     

    In 2011, I rented a car & drove up & down California, going as far N. as Ft. Bragg, 7 times looking at Real Estate to buy.

     

    I had seen the prices collapse, & knew that there was a short window to buy.

     

    We bought a home back in the Sierra's.

     

    At the same time, as I was scouting various locations, I was competing with company's like Lennar, who also realized that they could not build homes at these prices, & were buying up homes & renting them.

     

    There are still fabulous deals in R.E., but we are nearing the end of the Bank's Fire Sales.

     

    If you cannot buy R.E., then these REITS look good, too.

     

    I am long on NCT, ARR & CIM.
    I am looking to buy 1 more piece of Real Estate.

     

    Bonnie
    19 Jan 2013, 04:28 AM Reply Like
  • 1627
    , contributor
    Comments (221) | Send Message
     
    To Bonnie :
    Check out the EL DORADO National Forest area .
    I have been looking for retirement property there for 1 1/2 years and have MADE OFFERS.
    However,realtors have always come in and overbid me-each and every time and 6 mos later placed the property back on the market at a substantial price increase.
    I am still looking ;however prices are too high for me. now.

     

    Good Luck to you !!!!!!!!!!!!
    primo
    19 Jan 2013, 11:21 PM Reply Like
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