But if I knew how to manage my portfolio safer and smarter than most hedge fund managers, I could realistically grow my wealth.
Must-know: Why home prices are within 6.5% of their bubble highs
The 5.5% year-over-year gain puts the index back at July 2005 levels. The rate of price appreciation appears to be slowing.
Mortgage REIT investors have finally received a taste of what interest rate risk looks like over the past year. For most of the past 30 years, bonds have been a one-way bet.
Most corporations loathe cutting their dividend because of the message it sends to Wall Street, so volatile dividends are generally rare. For REITs, they’re a fact of life.
Because there’s no risk of principal loss—not to be confused with mark-to-market issues—the rate of return for mortgage-backed securities is generally low.
Dividend yield is typically why investors buy REITs in the first place. They tend to have much higher dividend yields than a typical S&P 500 stock.
CYS Investments (CYS) is a diversified agency mortgage REIT that invests all across the agency mortgage-backed security (or MBS) space.
These companies offer several services, including transporting, storing, and processing natural gas and crude oil.
The front-month Ginnie Mae TBAs were bid up as bonds rallied ten basis points. Ginnie Mae TBAs began the week at 106 1/32 and lost up just about 7/16 to close at 106 15/32.
Fannie Mae MBS rallied a bit on a strong bond market. The Fannie Mae 4% TBA started the week at 105 13/32 and ended up picking up about a quarter of a point.
The Malaysian jetliner that was shot down over Ukraine pushed bonds higher as well. It will probably have a limited impact on the economy overall.
Last week started earnings season in earnest. The markets were also influenced by the Malaysian jetliner that was shot down over Ukraine.
This week begins the deluge of heavyweights announcing earnings. We’ll hear from General Electric (or GE), Google (GOOG), and the biggest banks.
This report will probably give the Fed some comfort. The Fed still fears deflation and will maintain ultra-low interest rates.
Unemployment is a profound driver of economic growth, and persistent unemployment has been the Achilles’ heel of this recovery.
Capacity utilization rates are approaching long-term historical averages.
In many ways, it’s similar to the consumer confidence indices.
Non-QM loans would typically be useful for borrowers with sporadic income, but a large amount of assets.
In general, mortgage delinquencies are falling as home prices rise and the foreclosure pipeline clears.
Small business accounts for roughly half of the U.S. gross domestic product (or GDP) and jobs.
There are also two different Ginnie Mae TBAs—Ginnie 1s and Ginnie 2s.