I understand that the dividend is going to be dropping but would think that REM would have more support given the still favorable yield. Really hope that our socialist gov't doesn't destroy the MBS business buy acquiring at artificially high prices.
I tend to agree with the author of this article
I believe we have some profit taking going on, been a very good run. Seems the general opinion is that mreits are a pretty stable investment for the next few years until interest rates go up. It is October, typically not the best month. Anybody feel this might be a buying opportunity?
NLY is just below nav, AGNC still at premium. They went up too much. Now they r coming down. I just see this as a correction. We still don't know how much the hedging done by some companies will hurt book value. I have preferreds of CYS, HTS, MITT, MFA, AGNCP. They won't drop much unless long term rates start rising. Different to tell where common stocks can find support. Technically speaking today seems a classical panic selling bottom. Let's see.