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VMBS vs. ETF Alternatives
Vanguard Mortgage-Backed Securities ETF seeks to track the performance of a market-weighted U.S mortgage-backed securities index with an intermediate-term dollar-weighted average maturity.
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Country: United States
Wednesday, Nov 277:06 AMVanguard Mortgage-Backed Securities ETF announces distribution of $0.073
Wednesday, Nov 277:06 AM| Comment!
- Vanguard Mortgage-Backed Securities ETF (VMBS) announces monthly distribution of $0.073.
- 30-Day Sec yield of 1.65% (as of 11/26/2013).
- For shareholders of record 03 Dec; Payable 05 Dec; Ex-Div. date 29 Nov.
Wednesday, Oct 301:19 PMVanguard Mortgage-Backed Securities ETF announces monthly distribution of $0.073|Wednesday, Oct 301:19 PM| Comment!
Monday, Sep 301:52 PMVanguard Mortgage-Backed Securities ETF announces monthly distribution of $0.063|Monday, Sep 301:52 PM| Comment!
Wednesday, Sep 116:49 AMCalifornian city to use "eminent domain" to seize mortgages
Wednesday, Sep 116:49 AM| 8 Comments
- 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
Friday, Aug 307:20 AMVanguard Mortgage-Backed Securities ETF announces monthly distribution of $0.046|Friday, Aug 307:20 AM| Comment!
Friday, Jun 215:45 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). |Friday, Jun 215:45 AM| 6 Comments
Saturday, Jun 1511:36 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). |Saturday, Jun 1511:36 PM| 2 Comments
Monday, Apr 297:53 AM
Tuesday, Jan 89:59 AMJust before New Year's, Vanguard cut fees on more than a third of its U.S.-listed ETF lineup while raising fees on just 2 ETFs. Its sector ETFs saw the biggest price cuts (from 0.19% to 0.14%) while its 2 small cap funds (VIOO, VIOV) actually saw slight fee hikes. |Tuesday, Jan 89:59 AM| Comment!
Wednesday, Dec 262012, 9:57 AMThe ETF price wars continue: Vanguard slashed fees on 11 ETFs (full list), effective last Friday. The cuts ranged from 3% for the Russell 2000 Value ETF (VTMV) to 20% for the MBS ETF (VMBS). Vanguard is quick to point out the cuts aren't its attempt to engage in the "price war," but simply reflect the lowered costs of running the funds. |Wednesday, Dec 262012, 9:57 AM| Comment!
Thursday, Jul 52012, 5:50 AMCalifornia's San Bernardino County and two of its biggest cities, Ontario and Fontana, want to use the concept of eminent domain to forcibly buy underwater mortgages from investors, lower the loan principal to match the value of the property, and then resell the reduced mortgages. Proponents believe they have a strong legal case, but mortgage investors are unsurprisingly opposed. (See Shiller) |Thursday, Jul 52012, 5:50 AM| 5 Comments
Friday, Jun 82012, 4:30 AMThe FHA is expected to announce a bulk sale program today in which it will attempt to offload more troubled loans to investors, potentially preventing or delaying foreclosures for thousands of homeowners. The agency has more than 700K loans in default, amounting to more than 9% of the $1T in loans it insures. |Friday, Jun 82012, 4:30 AM| Comment!
Monday, Apr 162012, 12:03 PM
Sunday, Apr 82012, 9:00 AMThe most exciting returns are to be had from an asset class where those who know it best love it least. Add MetWest's Tad Rivelle (MWTRX) to the list of star bond-fund managers bearish on Treasury prices. He's finding the best values in emerging-market corporate bonds, high-yield paper, and nonagency MBS. |Sunday, Apr 82012, 9:00 AM| 1 Comment
Monday, Apr 22012, 9:59 AM
Monday, Mar 262012, 8:01 AMThe Fed is likely to hint at QE3 in its April meeting, tweeted Bill Gross over the weekend. The opinion is at odds with the Fed's last policy statement in which it upgraded its view of the economy. Pimco's Total Return Fund has boosted its holdings of MBS, likely to benefit from more QE as the paper would be a target of Fed purchases. |Monday, Mar 262012, 8:01 AM| 1 Comment
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