Brian Bartock

Portfolio Manager - Agency MBS, RMBS, MSRs, CRTs, REITs, Reverse Mortgages, Real Estate (Single Family, Small Multi, Mobile Homes, etc)

[Brian Bartock @brianbartock]

Stuck at ORD on a 3+ hour @AmericanAir delay with no end in sight. Airlines should give affected passengers an ‘open tab’ at the airport—meals, drinks, whatever—until we finally take off or get canceled. Suddenly those $200 Brooks Brothers shirts and overpriced bars make sense.

[Brian Bartock @brianbartock]

@ExcelHumor No Weighted Average feature in Pivot Tables. Probably the only thing I will give a nod to Google Sheets.

[Brian Bartock @brianbartock]

@iBladesi @sweinand Something a REIT would buy: 275k max 6.5s, <6 wala.

[Brian Bartock @brianbartock]

@sweinand @iBladesi Based on your math, what sort of levered ROE do you see on a newer wala spec pool?

[Brian Bartock @brianbartock]

@jimdelisle What’s your take on the sector as a whole in terms of leverage, valuations, hedging, short term prospects?

[Brian Bartock @brianbartock]

@rcwhalen This is a calculation of the moving average looking backwards. Current 1/3/6m SOFR is 4.58/4.69/4.83

[Brian Bartock @brianbartock]

@elonmusk Can I recommend multiple verification types:
$-Series 7,63,66, RIA Firm, CFAs, CFP, etc
⚕️ - Licensed Medical pros, RNs, PAs
⚖️ - JDs or people who have passed bar

Most are easily verifiable and having ability to filter responses by accreditation would cut down on noise

[Brian Bartock @brianbartock]

@iamjakestream Not sure about the flags for Occupancy Type but...
Fannie: https://t.co/Fn9RKoegbF
Freddie: https://t.co/HqNffDmkbt

[Brian Bartock @brianbartock]

@The_Real_Fly I think the IVR calculated is wrong due to a recent 1 for 10 stock split that isn't getting picked up.

#TrustButVerify

[Steve Hanke @steve_hanke]

"I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them." – Thomas Jefferson

[Brian Bartock @brianbartock]

@kent_willard I like the idea as a new platform where credentialing would happen at registration.

twitter should add more than the blue check, a medical symbol for true MD's, a $ sign for people in investment industry, etc.

[Brian Bartock @brianbartock]

@shaig How about NC? Not the usual Charlotte or Raleigh, try Winston Salem. Great weather, good schools, surprising amount of Arts due to the old tobacco/banking money, growing startup scene due to the 2 hospital systems, a medical school and Wake Forest Univ

[Brian Bartock @brianbartock]

What is the highest unemployment rate (12 Month Avg) you think the US will experience in the next 25yrs?

Feel free to share with friends

Also, any commentary on your answer is greatly appreciated.

[Brian Bartock @brianbartock]

@wildyields Great Chart, kind of amazed there wasn't even more migration lower.

[Brian Bartock @brianbartock]

@GlenWPeterson Authors are stats not markets people but the article had good intentions, i see your interp now. 2 items of note, arbing pools required selling TBA and bids were tuf to come by.The short settle idea was not the Fed's idea, the market told them do it or very bad things will happen

[Brian Bartock @brianbartock]

@GlenWPeterson For anyone reading,he is 98% wrong (2% for spelling TBA correct). Fed buying T+3 was key as levered $ raised cash via short settle to meet margin calls on repo & hedges. Firms w/ liquidity who weren’t forced to sell benefited as spec liquidity slowly rebounded through the qtr.

[Brian Bartock @brianbartock]

@ARawanbakhsh If you ever want to deep dive in REITs let me know

[Brian Bartock @brianbartock]

@ARawanbakhsh Comp is apples & oranges.MBB tracks one asset REITs invest and the one FED is buying aggressively.MORT has cos with vastly different strategies. I agree with “know what you own,” and when the dust settles there will be value in individual names of MORT but not the ETF itself.

[Brian Bartock @brianbartock]

@GlenWPeterson This a REIT Ownership Limitation Issue...the article below does a good job of explaining why it is disclosed

https://t.co/HzjS7feuZn

[Brian Bartock @brianbartock]

@GinSecurities You may have some numbers crossed, AGNC alone owns $13b+ of 4.5. I can send you some commentary from post Jan factors.

I agree that if you own generics you are getting smoked. The pools you are referencing are mostly likely owned by convexity hedgers(MSR) and/or indexers