Seeking Alpha

User 8014441

User 8014441
Send Message
View as an RSS Feed
Latest  |  Highest rated
  • 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]
    I hope all the lemmings have finally jumped off the cliff.
    Dean
    Jun 20 04:55 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
1 Comment
2 Likes