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DoubleLine Total Return Bond I Message Board

vmb1946 2 posts  |  Last Activity: Feb 4, 2012 1:46 PM Member since: Feb 4, 2012
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  • by vmb1946 Feb 4, 2012 1:46 PM Flag

    The idea of mass mortgage refinancing is slowly emerging through Congress and among financial intellectuals (see the latest: article by Allan Sloan in the Feb2012 edition of Fortune). According to the article, Bill Gross supports the idea. But if implemented, mass rafis would destroy the mortgage-backed securities. HABDX keeps some 15-20% of its portfolio in MBSs. I would love to know Mr.Gross' position as to how he would handle those losses within HABDX in that case. Any views?

  • by vmb1946 Feb 4, 2012 11:08 AM Flag

    A mass-refis idea is slowly emerging through Congress and a financial intellectuals community (for the latest: see the Feb2012 edition of Fortune- an article by Allan Sloan). By its nature the refis, if done, would destroy mortgage-backed securities which are the DBLTX only portfolio. I would be much interesting to know the Gundlach's position on the refis developments and on his plans A or B in case the refis become a reality. Any views/ideas?

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