It's like Chernobyl and Fukashima combined. Any thoughts on why all the selling in the mREIT sector?
Simple, Prepay data was released by the GSEs Wed and the expectation is that speeds are going to surge, which will speed up premium amortization and reduces earnings and dividends.
Except prepays are good for CIM because they buy at a discount. Also, Wells Fargo downgraded NLY to hold.
the people up there know things that we don't. maybe time to sell out for a while.
You could buy MTGE.