In the current debate about reform of the housing finance market, proponents of a continuing government role frequently argue that without government backing, the so-called “to be announced” (TBA) ...
Imagine over a quarter of a trillion dollars flowing daily through a U.S. financial superhighway largely closed to public traffic. This describes the To-Be-Announced (TBA) market, the dominant force ...
Distributable Earnings is a non-GAAP measure defined as net interest income plus TBA Drop Income adjusted for the net coupon effect of interest rate swaps minus net operating expenses. Distributable ...
Distributable Earnings is a non-GAAP measure defined as net interest income plus TBA Drop Income adjusted for the net coupon effect of interest rate swaps and futures contracts minus net operating ...
Distributable Earnings is a non-GAAP measure defined as net interest income plus TBA Drop Income adjusted for the net coupon effect of interest rate swaps and futures contracts minus net operating ...