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MFA Financial, Inc. Message Board

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  • reitsbyziggy reitsbyziggy Feb 16, 2010 8:50 PM Flag

    GSE Prepayment Effects

    Thanks...I didn't realize it was that long. So on average we probably have an extra 10 months(24-4)/2 of hedging expenses that could potentially be lost if the funds can't be properly & promptly reinvested.

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    • "Thanks...I didn't realize it was that long. So on average we probably have an extra 10 months(24-4)/2 of hedging expenses that could potentially be lost if the funds can't be properly & promptly reinvested."

      They said on the conference call that they would let the dust settle before deciding how to redeploy the proceeds. It sounded like a sensible answer to me. The returns on the non-agency side have been terrific. Too bad they can't buy more paper at 63 cents on a dollar now.

 
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