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Armour residential reit coupon


armour residential reit coupon

don't fit us in our model or future vision of where the housing market may. October 2018.1640625, october 15, 2018, october 29, 2018, november 2018.1640625. While TBA dollar roles did not currently have the extreme levels of specialness observed prior to the beginning of the Fed taper program, we continue to find pockets of opportunities where dollar role financing is much more favorable than the general repo market. James Robert Mountain - Chief Financial Officer Thank you very much for attending our conference call. Scott did mention in his comments, Dave, that we are looking very closely at the future value of CRTs. By contrast, the second quarter's total in excess returns in the agency cmbs sector were negative 12 basis points and negative 8 basis points, offsetting some of the gains from agency MBS spread tightening in armour 's portfolio. At the end of the second quarter, armour owned.5 million of non-agency legacy rmbs. Can you elaborate a little bit on why you're finding those more attractive versus conventionals and also maybe comment on how the role financing is for those securities relative to the conventional market? So there are premium, new originated assets, 4,.5 coupons that are double-digit returns. Christopher Nolan - Ladenburg Thalmann - Analyst Hi, you mentioned you get a haircut benefit from financing with buckler versus The Street, how much of a benefit is that please?

Armour is externally managed and code promo violette et berlingot advised by armour Capital Management LP, an investment advisor registered with the Securities and Exchange Commission SEC. Adding in the leverage effect of unfunded TBA dollar roll positions and forward settling transactions resulted in implied leverage.2 times as of the October 23 close. Having said that, we do believe that this year's strong economic backdrop that projected supply of treasury will arise in longer maturity rates by the years end. In the CRT transactions, we take the credit risk of recent Fannie and Freddie underwriting and return for an uncapped floating rate coupon. And at some point, you're going to see buyers say, hey mortgages look really cheap. As of October 23rd, our book value is down.5, driven by the spread widening since the end of the month as well as the 10 basis point increase in the 10-year. Scott Ulm Thanks, Jim. The average prepayment rate on our agency assets has decreased slightly from.7 CPR in the second quarter.1 CPR in the third quarter. I wouldn't see it going over 20, but we do like their structure (ph) quite a bit.


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