Pimco REIT Agrees to Slash Fee If Residential Mortgage Fund Loses Money

Pimco REIT Agrees to Slash Fee If Residential Mortgage Fund Loses Money Pacific Investment Management Co., seeking to raise $600 million for a fund that would invest in residential mortgages, agreed to slash its management fee should the fund suffer losses. Read more on Bloomberg

Hedge Fund Sees Risk in Mortgage Bonds After 28% Gain

Hedge Fund Sees Risk in Mortgage Bonds After 28% Gain Metacapital Management LP, the hedge-fund firm run by former Lehman Brothers Holdings Inc. mortgage-bond trader Deepak Narula, returned 28 percent in the first half of this year, boosted by government-backed debt that benefits from limited homeowner refinancing. Read more on BusinessWeek

Narula’s Hedge Fund Sees Risk in Mortgage Bonds After Recording 28% Gain

Narula’s Hedge Fund Sees Risk in Mortgage Bonds After Recording 28% Gain Now the New York-based firm is seeking to protect against one of the “biggest” risks in the $5.2 trillion market for agency mortgage bonds, Narula wrote in a July 22 letter to investors. Read more on Bloomberg

Home equity or line of credit to fund college education?

We have plenty of equity in our home and my sons college tuition will be approx. $30000/year. Should I take out a home equity for the estimated 4 year costs, or take out a home equity line of credit and hope interest rates stay low?

Home Equity Loan – A Popular Fund Raising Option

Home equity loans have become one of the most popular fund raising options for individuals. Home equity loans are the loans taken using your home’s equity as the collateral. Thus they are a type of secured loan. These loans are based on two facts – first, that you have repaid a certain portion of [...]