3 quick takeaways from the mortgage conference happening right now

3 quick takeaways from the mortgage conference happening right now

Tidbits from SourceMedia Mortgage Servicing conference

New home sales plummet 14.5% in March

Spring buying season off with a whimper

4 metrics reveal California's true housing market

Foreclosures dwindle as home prices skyrocket
W S
Investments / The Ticker

PIMCO's Simon: Investors shouldn't sell their soul for yield

/ Print / Reprints /
| Share More
/ Text Size+

Buying bonds for their yield is not the best approach if investors are sacrificing attention to the bonds’ prices, PIMCO's head of mortgage and asset-backed securities Scott Simon said, The Wall Street Journal reports.

"The road to hell is paved with positive carry," he said, repeating a mantra that traders say he’s proffered before.

Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus