Repurchasing stock wont be enough. More mortgage REITswill have to diversify their investments after anunderperformance of epic proportions, in 2013, said Merrill Ross, an analyst with Baltimore-based Wunderlich Securities Inc.
Date: Jan 16, 2014
Category: Business
Source: Google
Banks Hiring for Home Loans as U.S. Rebounds: Mortgages
Some homeowners may also be postponing refinancing inanticipation that rates will continue to fall lower, which couldlead a wave of prepayments that negatively impact securitiestied to the loans, according to Merrill Ross, an analyst withBaltimore-based Wunderlich Securities Inc.