@GardinerIsland Bradleyโs havenโt been used in 10+ yrs. Strikers & tanks. My fav science teacher drove one in the gulf and itโs still probably better tech than what RUS has.
@GardinerIsland MBS guy here, love your mkt analysis. 1) 0 ๐บ๐ธ losses, many ๐ท๐บ losses, 2) excellent intel for ๐บ๐ธ military on near peer conflicts, 3) weakened geopolitical rival & possible regime change, 4) possibly scares others (๐จ๐ณ) from near peer conflicts.
@MacroAlf There is a low supply of new homes. 2. Even if ppl decide to sell, theyโll have a much higher rate. Potential sellers could remain in place and utilize a line of credit to tap their home equity.
@dampedspring Decrease. A FN2 or FN2.5 in a PP model at 0 C (assumed zero prepays) and durations extend way-out. FN2 may have 14/15 duration, historically they may be 5-7. Refiโs slow, but cpns closeset to current cpn may tap their home eqy. Originators who are left will be hungry for biz.