The recent SA Blog points out that WMC has adjusted to be well hedged for any MBS interest rate increases at a moderate cost to protect BV. The FED is undisputedly committed to holding ZIRP well into 2016 or longer, so WMC low cost for borrowing to buy MBS, with MBS rates at a higher level, would create a large profit spread.
I do not expect any tapering for QE mortgage buying, but the higher rates are better for profitability. Either way, WMC has proven over the past year that it has the best MREIT ,management
Sentiment: Strong Buy
There is no tapering
the fed is trapped and this country is trapped - interest rates go higher and higher and the game is over - so its just all a joke
japan like for next 30 to 100 years if the rest of the world allows it.