Orchid Island Capital posts Q3 loss on widening spreads after Fed rate hikes

Oct. 27, 2022 4:42 PM ETOrchid Island Capital, Inc. (ORC)By: Liz Kiesche, SA News Editor1 Comment

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Orchid Island Capital (NYSE:ORC) Q3 results were hurt by declining net interest income and losses on its residential mortgage-backed securities and derivatives contracts during the quarter, the company said Thursday. The Federal Reserve aggressively raised rates, which

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