Dismal report, I hope other Mreits don't have this problem. They must have a very high percentage of variable mbs that's causing this. If so, then lower rates like today are going to continue to hurt 4th quarter results imo
I live in Florida and I was able to finally get through the healthcare.gov website enrollment and actually see the various plans two days ago for my wife who is 61 years old including prices and options. I will be part of Medicare in Dec. this year and I signed up in 10 minutes or less on the Medicare internet site and have my card already. For my wife, there were 12 bronze options from Blue Cross alone. No great savings however. I can keep my wife's current Blue Cross plan or choose to go with one of the 12 bronze options since I want a high deductible. I am going to meet with Blue Cross people this week and will make my decision then.
The Fed QE has been buying T bonds and mortgages with "free money". The Fed will eventually have to stop buying more. The Fed does not intend to sell these assets when they stop buying but instead will let them "run off" when these debt instruments expire. In the meantime the Fed will earn mucho interest without risk. That interest is returned to the government. This unintended benefit (or was it intended?) will help fund part our government for free. Seems like a "sweet" pickle to be in with free profit coming from the Fed. There will be no losses incurred on the Fed balance sheet as a result of QE.