Sentences with phrase «book values of the mortgage»

If market yields rise even modestly, it is going to crush the book values of the mortgage REITs» long - duration mortgages.

Not exact matches

Under Uber's lease arrangements, drivers» leases can run far above the actual Blue Book value of the car, not unlike how homeowners were left underwater when housing prices plummeted and their mortgages far exceeded their homes» value.

Mr. Tilson has co-authored two books, The Art of Value Investing: How the World's Best Investors Beat the Market (2013) and More Mortgage Meltdown: 6 Ways to Profit in These Bad Times (2009), was one of the authors of Poor Charlie's Almanack (2005), the definitive book on Berkshire Hathaway Vice Chairman Charlie Munger, and has written for Forbes, the Financial Times, Kiplinger's, the Motley Fool andTheStreet.com.

* Change in operating cash flow is replaced with: (i) tangible book value per share growth for companies in the Banks, Diversified Financials and Insurance sectors; and (ii) growth in funds from operations for REITs, with the exception of Mortgage and Specialized REITs.

As with our pay - for - performance model, operating cash flow is replaced with: (i) tangible book value for companies in the Banks, Diversified Financials and Insurance sectors; and (ii) funds from operations for REITs, with the exception of Mortgage and Specialized REITs.

Luckily, mortgage REITs have most recently traded within a tight band of their book value.

Rising bond yields have wrecked the book value of the REITs» mortgage holdings and have prompted investors to dump the securities en masse.

Its exposure to retail, mortgage financing and various other sectors (adding up to almost half the portfolio) combined with the fact that even its home builders are not the cheapest ones out there, mean that if you want to take advantage of the discount to book values that are out there, the best strategy is to buy the individual securities yourself!

While other mortgage REITs like Annaly Capital Management (NYSE: NLY) or American Capital Agency (NASDAQ: AGNC) managed to increase their book values in the first quarter of 2014, ARMOUR Residential continued to lose ground.

Psychological effects of book value growth Many mortgage REITs posted a return to positive book value growth in the first quarter of 2014 after declines throughout 2013 and investors were throwing away their shares in mortgage REITs in panic mode.

A sequential increase in book value certainly can be seen as a huge confidence boost and indicate that the worst is over for mortgage REITs in terms of the bleeding.

In July 2002, the San Mateo, California - based Bay View Capital Corporation announced the pending sale of the mortgage loan portfolio for its Bay View Bank subsidiary to Washington Mutual for a «slight premium to book value».

With two of the largest mortgage REITs in the sector reversing their book value growth trends, it increasingly looks as if select mortgage investment companies could be interesting income plays in the years ahead.

Investor sentiment toward mortgage REITs has been improving lately as other companies in the sector also posted a return to positive book value growth in the first quarter of 2014.

It's a mortgage insurance firm that trades at only 7 times earnings and 84 % of book value due to worries about excesses in the Canadian real estate market.

Since mortgage REITs are really just a portfolio of leveraged debt investments, book value is everything.

Many of the top Mortgage REITs, like Annaly (NLY) and American Capital Agency (AGNC), are now trading below their book values.