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Re: NRZ - the recent PR--Berner<<My guess is that NRZ was 2x-5x leverage on their non-agency book.>> Did you see my post? It looks to me like the leverage on the nonagencies was much, much higher? This explains the margin calls. I don't fault the company for being in nonagencies or for running the leverage that high. That is where the returns were. This really was a perfect storm that hit them. |
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Msg # | Subject | Author | Recs | Date Posted |
3669 | Re: NRZ - the recent PR--Berner | Berner | 7 | 4/6/2020 4:32:20 PM |