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Guest blog by former Ginnie Mae president Joseph Murin

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Investments / The Ticker

Size matters for non-agency mortgage REITs

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The noted economist E.F. Schumacher wrote a book in the 1970s entitled "Small Is Beautiful" and it became a kind of cult classic among environmentalists, alternate life proponents and assorted "troublemakers".

He had some very good points and championed the notion of "appropriate technology."

It was one of those books which led a reader to note that the author had some truly brilliant insights without ever coming into total agreement with the thesis. Anyhow, small is NOT beautiful when it comes to NMREITs.

 

Source: Seeking Alpha
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