Mortgage REITs Tumble on Financing Concern

Mortgage REITs Tumble on Financing Concern

Jacob Kepler/Bloomberg

“This week we’ve seen our financing rates on repo rolls go up like a basis point or two, but no change in haircuts,” Richard J. King, Invesco Mortgage’s chief executive officer, said on a conference call yesterday, according to a transcript. A basis point is 0.01 percentage point.