In browsing for investment ideas for 2013 the idea of investing in mortgage investment trusts came to me and was wondering if any others had thoughts on PMT or any similar type issue.
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I have NLY and AGNC, not sure if PMT is different from those with respect to what/how they invest.
Actually thinking selling NLY, have a small loss, but they make money off the yield spread and it has been compressing and they cut their divs twice this year.