From other sites
at Nasdaq.com (Tue, 11:21AM)
at Nasdaq.com (Jan 20, 2015)
at Nasdaq.com (Dec 15, 2014)
at Nasdaq.com (Dec 5, 2014)
at Nasdaq.com (Nov 18, 2014)
at Zacks.com (Nov 11, 2014)
at CNBC.com (Sep 19, 2012)
at MarketWatch.com (Aug 13, 2010)
There are no Transcripts on MBB.
Today, 4:05 PM
- The iShares Barclays MBS Bond Fund (MBB +0.2%) hit a new lifetime high, which should be good for the book values of mortgage REITs (assuming they weren't too hedged), but the yield curve continues to sharply flatten. The 10-year Treasury yield is all the way down to 1.71% and the 30-year at a record-low 2.29% - this as the Fed says it's on track for a mid-year rate hike.
- In addition to shaving margins for leveraged holders of mortgages, the lower rates could result in another refinance wave, and thus a surge in prepayments.
- Annaly Capital (NLY -1%), American Capital Agency (AGNC -1.6%), Armour Residential (ARR -0.7%), Hatteras Financial (HTS -0.7%), Western Asset (WMC -2.2%), Apollo Residential (AMTG -0.7%)
- ETFs: REM, MORT, MORL
- Previously: Bond yields slide after FOMC (Jan. 28)
- Previously: FOMC: Still "patient," but rate hike remains on the way (Jan. 28)
Sep. 4, 2014, 1:22 PM
- The FlexShares Disciplined Duration MBS Index Fund (NASDAQ:MBSD) will invest in pass-through securities that have been issued by the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation or the Government National Mortgage Association, as stated in the prospectus.
- Managed by Northern Trust, this is the 16th FlexShares fund currently available to investors
- "Our Disciplined Duration MBS Index Fund is designed to reduce effective duration volatility while providing incremental yield potential and fixed income diversification," said Shundrawn A. Thomas, Head of Northern Trust's Funds and Managed Accounts Group, in a press release.
- Other mortgage-backed security ETFs: CMBS, MBB, GNMA, VMBS, MBG, COBO
Jul. 9, 2014, 3:50 AM
- President Barack Obama has asked Congress for $3.7B in emergency funding to deal with an influx of Central American minors illegally crossing the southern border. GOP leaders say they are unwilling to give the administration a "blank check" without more detailed plans to guarantee the money will help curb the crisis at the border.
- Tensions have already been rising in Washington after the president announced he would take executive actions to reform border-control laws on his own.
- The aid request aims to create more detention centers, add immigration judges, and increase border patrols and air surveillance.
- ETFs: MBB, GNMA, VMBS, AGZ, MBG
Jan. 16, 2014, 3:32 AM
- The number of foreclosure filings dropped to the lowest level since 2007 last year, declining 26% to 1.36M properties, RealtyTrac says. The figure is less than half of the peak of 2.9M properties in 2010.
- States with the highest foreclosure rates in 2013 were Florida, Nevada, Illinois, Maryland and Ohio.
- The number of foreclosure processes started plunged 33% to 747,728, the lowest since RealtyTrac began tracking the data in 2006. Bank repossessions plummeted 31% to 462,970 properties, the least since 2007. (PR)
- Relevant tickers: PHM, MHO, TOL, KBH, RYL, HOV, SPF, FNMA, FMCC
- ETFs: ITB, XHB, MBB, MBG, VMBS, CMBS, COBO
Sep. 11, 2013, 6:49 AM
- Richmond in California has approved a plan for the city to become the first in the country to forcibly acquire underwater mortgages using the power of "eminent domain," which enables governments to seize private property for a public purpose.
- The idea is for the council to work with investor group Mortgage Resolution Partners to buy delinquent mortgages at deep discounts to the associated properties' market valuations, make the loans more affordable for home owners and avert foreclosure.
- However, critics fear that the program could hurt the market for mortgage-backed securities, provoke lawsuits and endanger Richmond's finances.
- The FHFA has said it will press Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) to limit or cease business where eminent domain is approved, a move that would shut off most mortgage financing in the affected areas.
- ETFs: MBB, MBG, VMBS, CMBS, COBO
Jul. 17, 2013, 10:18 AMCYS Investments (CYS +2.4%) is among the leaning gainers in the mREIT sector in the early going. A Deutsche Bank report making the rounds suggests the stock is currently trading at 80% of book value. Given today's rally in GSE MBS (MBB +0.5%), the discount could be even greater than that. (Earlier: Deutsche downgrades a number of mREITs) | Comment!
Jul. 10, 2013, 9:23 AMForced selling by mREITs leading to an ugly cycle in mortgage prices is just what had many concerned about systemic risks posed by the industry. MReits (REM) sold about $30B in MBS last week to keep leverage ratios steady in the face of diving book values, says JPMorgan, exacerbating already weak security prices (MBB). Annaly's (NLY) CEO has characterized systemic worry as equivalent to misguided frenzies about shark attacks, and Hatteras' (HTS) CFO and Dynex's (DX) CIO have seen no changes in the repo market (which the companies rely on for funding). | 9 Comments
Jun. 27, 2013, 12:07 PM"I was wrong about Treasurys (TLT, TBT)," Jeff Gundlach tells the WSJ of his recent expectation the 10-year yield would never hit 2.5%. However, he tells CNBC, "July will not be a repeat of May and June ... the liquidation cycle appears to have run its course with emerging market bonds (EMB), junk bonds (HYG, JNK), munis (MUB), and MBS (MBB) now recovering sharply." Gundlach has scheduled a special conference call for this afternoon. | 5 Comments
Jun. 24, 2013, 1:35 PMDallas Fed chief Fisher warns the "feral hogs" of the markets about attacking Treasurys (TLT) or MBS (MBB, MORT, REM). "We haven't forgotten what happened to the BOE (Soros forced devaluation in 1992). I don't think anyone can break the Fed." The FOMC he says, he "fully understood" markets would react big to word QE could end next year. However, "I don't want to go from Wild Turkey to cold turkey overnight," says the prominent hawk. Markets look to be responding, the S&P (SPY -1.3%) cutting its losses and the 10-year Treasury yield returning down to 2.57%. | 7 Comments
Jun. 22, 2013, 9:30 AMIt's "total capitulation" in fixed income (AGG, BND), says BAML's Michael Hartnett. The "blood bath" includes the largest-ever three-week rush of bond-fund redemptions, $2.6B leaving (2nd largest outflow ever) the Emerging Markets Bond ETF (EMB), and mortgage-backed securities (MBB), municipal bonds (MUB), and TIPS (TIP) funds each now showing net outflows for 2013. | 47 Comments
Jun. 21, 2013, 5:45 AMHolders of mortgage bonds may be facing billions of dollars of undisclosed losses after a review of investor documents showed that individual houses are being reported as being in foreclosure long after they've been sold or the loans paid off. The reporting lag has enabled banks and servicers to continue charging investors monthly fees, and could lead to new litigation. The companies involved include Bank of New York Mellon (BK), Wells Fargo (WFC), Ocwen Financial (OCN) and Bank of America (BAC). | 6 Comments
Jun. 15, 2013, 11:36 PMUBS thinks it may be 1994 all over again. Some similarities: The Fed's actions to reflate the economy post-2008 resemble the easy money policies that were put in place post-S&L crisis; current "lackluster" economic growth mirrors "mini-cycles"of '90-'93; 290 bps plunge in Treasury yields from '07-'12 reminiscent of 400 bps decline from '90-'94; downtrend in CPI over the past five years resembles drop from early '90s to '94. UBS' advice: Avoid "popular convergence trades" such as EM credit (EMB, EMLC), EU periphery sovereign debt (ITLT, ITLY), U.S. MBS (MBB,VMBS), and high yield (HYG, JNK). | 2 Comments
May. 30, 2013, 3:31 PMFidelity's plans for actively-managed ETFs takes shape, the firm registering the Fidelity Mortgage Securities ETF and the Fidelity Corporate Bond ETF. The mortgage product will invest in investment grade MBS and have a similar profile to the iShares MBS Bond Fund (MBB). The corporate fund will have similar interest rate risk to that of the iShares Credit Bond Fund (CFT). Getting with the times: They'll be the first new Fidelity ETFs in a decade. | Comment!
May. 28, 2013, 1:33 PMGrowing thoughts of a tapering and then ending of QE∞ triggers panicky selling in the mREIT sector (MORT -2.3%) as Treasury yields hit their highest level in more than a year (the 10-year at 2.12%), and mortgage prices slide as well (MBB -0.4%). Leading the way is a 5.3% decline in American Capital Agency. Annaly (NLY -2.7%), Two Harbors (TWO -3%), Anworth (ANH -2.2%), Western Asset (WMC -4.7%), Apollo Residential (AMTG -3.7%), Javelin (JMI -4.3%), Invesco (IVR -1.8%), MFA Financial (MFA -1.5%). | 83 Comments
Feb. 12, 2013, 1:41 PMMBS (MBB) are in a bit of a bear market, falling back to levels not seen since the Bank of Bernanke took aim at raising their prices (lowering yields) with QE∞ in September. A buyer at these prices is AGNC's and MTGE's Gary Kain, who says the pendulum has swung back to favoring agency MBS purchases instead of non-agency paper. | 1 Comment
Jan. 18, 2013, 3:56 PMAnything 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. | 7 Comments
MBB vs. ETF Alternatives
The iShares Barclays MBS Bond Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the investment grade agency mortgage-backed securities sector of the United States as defined by the Barclays Capital U.S. MBS Index.
See more details on sponsor's website
See more details on sponsor's website
Country: United States
Other News & PR