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  • Panicky selling grips the mortgage REITs (REM -3.5%) as Treasury yields soar following the payroll report. American Capital (AGNC -6.9%), (MTGE -5%), Annaly (NLY -6.9%) Chimera (CIM -4.9%), Armour (ARR -3.9%), Invesco (IVR -2.7%), CYS Investments (CYS -3%). CYS' Kevin Grant was public a month ago about being a happy buyer as yields rose - a bit early on that call. [View news story]
    yes, same here! These Mreits had all the markings of a good investment. But it's not working out that way. So, sell & forget it or hold on?

    I also think Northhills24 is right when she said:
    because the average investor does not UNDERSTAND this sector.!
    Jul 5, 2013. 11:21 AM | Likes Like |Link to Comment
  • Mortgage-backed securities continue their tumble, the yield on Fannie Mae issuance up another 8 bps to a 20-month high of 3.29%. The "violent" reaction to the "moderate" shift in Fed message proves the market was "all-in" says TCW's Bryan Whalen. The slide in MBS prices eventually might make for great opportunities for mREITs (REM -3.9%), but for now book values may continue to deteriorate. American Capital (AGNC -4.8%), MTGE>>, Armour (ARR -3.9%), Invesco (IVR -4.4%), New York Mortgage (NYMT -5.1%), Apollo (AMTG -4.8%), Javelin (JMI -4.7%). [View news story]
    So what did you do to make money & protect your investment?
    I would like to do that!
    Jun 23, 2013. 11:58 AM | Likes Like |Link to Comment