Redwood Trust: Ravaged by Credit Losses [View article]
I enjoying the good rational debate here and agree the mark of market taken to RWT are phony baloney accounting losses. If the security is held to maturity marks can be ignored. The cash flows being generated by the securities is key and a good measure of intrinsic value.
Also could some one comment on the potential for mark-ups here, if and when housing stabilizes and the Acacia and Sequoia SIV's stabilize?
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I enjoying the good rational debate here and agree the mark of market taken to RWT are phony baloney accounting losses. If the security is held to maturity marks can be ignored. The cash flows being generated by the securities is key and a good measure of intrinsic value.
Aug 15 19:40 pm
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All Comments by E Nuff Sed »Redwood Trust: Ravaged by Credit Losses [View article]
Also could some one comment on the potential for mark-ups here, if and when housing stabilizes and the Acacia and Sequoia SIV's stabilize?