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Jsteele

Jsteele
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  • They're calling it the "DeMarco Trade," and it's nailing mortgage REITs (at least those who focus on Agency paper) already stung by vanishing interest spreads. Agency MBS paper has been falling in price since the election, as Ed DeMarco's days as FHFA chief seem numbered, paving the way for principal forgiveness, "the mother of all pre-payment waves." [View news story]
    Isn't that a problem with the current administration - the unwillingness to abide by the laws?
    Nov 15 01:55 PM | Likes Like |Link to Comment
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