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Friday, July 12, 2013

Variable Rate World, Part 2: Mortgage REITs Get Crushed

... relies on leverage, and leverage cuts both ways," said Ken Hackel, the head of securitized product strategy at Stamford, Connecticut-based bond broker CRT Capital Group LLC. "In good times it generates above-market returns. But when times get ...

http://www.safehaven.com/article/30450/variable-rate-world-part-2-mortgage-reits-get-crushed

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