Tuesday, July 9, 2013

REITs - mortgage, residential


dividend > 90%
mortgage rate (15, 30)
yield spread (30 - 10, 10 - 2)
book value - steeply decreasing,  leverage ~ 5-6
constant prepayment rates ?

nly, agnc, rem, mort

- mortgate

http://www.wolframalpha.com/input/?i=mortgage+rate
http://www.wolframalpha.com/input/?i=30-year+fixed-rate+mortgage&lk=1&a=ClashPrefs_*BankRate.ThirtyYearFixedRateMortgage-

http://www.mortgagenewsdaily.com/data/30-year-mortgage-rates.aspx
http://www.mortgagenewsdaily.com/mortgage_rates/
http://www.zillow.com/mortgage-rates/
http://www.marketwatch.com/tools/pftools/

- mbs

http://www.mortgagenewsdaily.com/mbs/
http://www.mortgagenewsdaily.com/mbs/charts.aspx?Product=FNMA40&interval=5



http://blogs.marketwatch.com/capitolreport/2013/07/07/mortgage-rates-poised-to-jolt-up-again/

http://seekingalpha.com/article/1529752-annaly-dividends-should-benefit-from-the-current-interest-rate-environment?source=google_news

http://www.businessweek.com/news/2013-07-10/reits-slump-19-percent-fueling-worst-bond-losses-since-94-mortgages#p1

http://www.freddiemac.com/news/finance/pdf/RefiReport2013Q1.pdf
http://www.freddiemac.com/news/finance/docs/Jun_2013_public_outlook.pdf


source: http://www.freddiemac.com/news/finance/tab_refinance.html




source: http://www.calculatedriskblog.com/2013/06/freddie-mac-mortgage-rates-highest.html



NLY Chart
NLY data by YCharts

NLY Chart
NLY data by YCharts

yield spread.
opposite direction - critical point.


NLY Chart
NLY data by YCharts


NLY Chart
NLY data by YCharts


NLY Chart
NLY data by YCharts

dividend down
price down
bps down



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NLY Chart
NLY data by YCharts



AGNC Chart
AGNC data by YCharts



MFA Chart
MFA data by YCharts



IVR Chart
IVR data by YCharts



ANH Chart
ANH data by YCharts


STWD Chart
STWD data by YCharts


ARR Chart
ARR data by YCharts


REM Chart
REM data by YCharts