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Why Rising Rates Helped New Residential Increase Its Book Value

·3 min read
Why Rising Rates Helped New Residential Increase Its Book Value
In this article:
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The first quarter of 2022 was supposed to be particularly brutal for mortgage originators and mortgage real estate investment trusts (REITs). The Fed has begun a series of increases in the Fed Funds rate designed to put the brakes on rising inflation. At the same time, the Fed is preparing to let its holdings of mortgage-backed securities decrease.