I told you to avoid WMC a few weeks ago. They were a train wreck waiting to happen because they hold the similar stuff to AGNC and MTGE. I covered my short in WMC today. MITT is overpriced as well but I have no position there. mREITs are due for a rebound so we'll see if we get it tomorrow.
BUT IF SOMETHING CAUSED A HIT SUCH AS ASSETS HIT (BUT THEY DONT HAVE DOLLAR ROLLS, THEN THEY DID MUCH WORSE IN A WAY MANAGING BOOK) AND NOW AGNC AND MTGE TOOK HITS AGAIN AS MORTGAGES TOOK HITS - THIS COULD TAKE ANOTHER HIT - AND STILL OFFER RISK.
BUT CLOSE TO BEING ABLE TO PAY .90 TO .95 STILL AND THATS A JUICY YIELD AT 20 BUCKS EVEN.?????????
Reik can you tell me where you're getting 9% non agency? I'm looking at composition and seeing 216.1 mil non and total value of 4.4 bil. That looks like 4.9 Non agency. What am I not seeing? Thanks in Advance.