Seeking Alpha

dkonline

dkonline
Send Message
View as an RSS Feed
Latest  |  Highest rated
  • The White House is reportedly mulling an idea to let homeowners with government-backed mortgages refinance them at today’s lower rates of about 4%. The move could boost the economy by saving borrowers an estimated $85B a year, but may face oppostition from regulators and investors in bonds tied to the loans.  [View news story]
    What happens to REITs that hold Fannie and Freddy paper if many refi at a lower rate? I would assume their income could be hurt which would translate into much lower dividends. Possibly why NLY is down >3% today.
    Ha anybody seen an analysis comparing effect on various REITs?
    Sep 1 01:27 PM | Likes Like |Link to Comment
  • Paul Krugman hopes that Pres. Obama's reported consideration of entitlement cuts as part of a debt ceiling deal is just theater, that "the goal may be... making Republicans look like intransigent extremists - which they are." But he's growing disenchanted: "It’s getting harder to trust Mr. Obama’s motives in the budget fight, given the way his economic rhetoric has veered to the right."  [View news story]
    New slang has a point, austerity might not work at this point, but neither does make-work government spending. Look at Japan. It's like pushing on a string.

    We have to deleverage slowly and that takes time. Politicians have to pretend to care.
    Jul 8 07:39 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
2 Comments
2 Likes