TraderMetBfOil

Mortgage REITs Rise From Ashes

Interesting, tell you a fact - here on wall street most of the MBS.. mortgage pass-through certificates, collateralized mortgage obligations, agency callable debentures, CDOs, Mezz, hybrid adjustable-rate mortgage-backed securities today have impairments ranging from 15% to 60% (Market Value). Structured or packaged MBS have been dumped by the top 8 investment banks as fast as possible to AnnalyNLY, Carlyle and Chimera alike during past 10 weeks. Most senior analysts expect NLY to have new announcement (margin call or write-downs) before Apr 25, 2008. And the worst is the unrealized losses among small REIT players. Personally I shorted several REITs in the water...

here hope your investment principles do not have such impairments... , well, when you piss against the wind, you'd better look out for the cleaning bill :) ... - GSer