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  • Freddie Mac CEO: Home Price Drops Only 1/3 Done [View article]
    In current environment, it is best to short REITs such as Annaly and Chimera.
    Mar 13 08:42 am |Rating: 0 0 |Link to Comment
  • Mortgage REITs Rise From Ashes [View article]
    The losses for the coming two quarters will be ugly for CHIMERA AND ANNALY. Wachovia analysts estimate that the share price of ANNALY could be down twenty percent when it reports the new quarter result. Citigroup reiterates the 'Sell' ratings for ANNALY AND CHIMERA.
    Mar 11 14:04 pm |Rating: 0 0 |Link to Comment
  • Jim Cramer's Mad Money Lightning Round, 2/6/08: Chimera is for Real [View article]
    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
    Mar 07 14:34 pm |Rating: 0 0 |Link to Comment
  • Mortgage REITs Rise From Ashes [View article]
    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
    Mar 07 14:27 pm |Rating: 0 0 |Link to Comment
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