MFA Financial, Inc (NYSE:MFA) shares dipped by 0.79%, CYS Investments Inc (NYSE:CYS)

Posted by sara Frank May 30, 2013 0 Comment 1120 views


MFA Financial, Inc (NYSE:MFA): Wednesday’s trading session saw MFA Financial, Inc (NYSE:MFA) shares dipping by 0.79%. The opening price of $8.79, moved on to touch an intraday high of $8.85 before sliding down to close at $8.37 per share. Around 9.37 million shares were traded in the session on Wednesday. This number was more than the average volume of 3.02 million which was calculated over a 30-day period.

MFA Financial, Inc (NYSE:MFA) is a company that invests on a leveraged basis, in Non-Agency MBS and Residential Agency mortgage-backed securities. MFA’s business objective is to garner net income that can be distributed to its shareholders. The difference that exists between the interest and the other income that the company earns on its various investments as well as the interest expense that it pays on borrowings is used to finance the company’s leveraged investments. The operating costs are financed in the same manner.  MFA Financial, Inc (NYSE:MFA)’s operating policies necessitate that a minimum of 50% of the company’s investment portfolio should consist of ARM-MBS. These could either be Agency MBS or rated.

CYS Investments Inc (NYSE:CYS): Wednesday’s trading session saw CYS Investments Inc (NYSE:CYS) shares dipping by 0.74%. The opening price of $10.67, moved on to touch an intraday high of $10.80 before sliding down to close at $10.15 per share. Around 7.30 million shares were traded in the session on Wednesday. This number was more than the average volume of 2.56 million which was calculated over a 30-day period

CYS is a specialized finance company. The primary objective behind its creation has been to achieve steady risk-adjusted investment income. CYS Investments Inc (NYSE:CYS) invests in Agency residential mortgage-backed securities that are collateralized by single-family, fixed rate residential mortgage loans and adjustable-rate mortgage loans. The latter generally have coupon rates that are reset on a monthly basis, or hybrid ARMs. The coupon rate for these is fixed for the initial period, after which it gets reset at certain intervals. Apart from this, the company’s investment guidelines permit investments for collateralized mortgage obligations that have been issued by a government-sponsored entity, a government agency or by Agency RMBS.


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Sara Frank is our chief congressional correspondent, Sara has covered the presidential campaign, Congress and congressional campaigns. Prior to that, she covered the U.S. House. Sarahas also worked covering the House, Senate and campaign finance. Among the numerous honors she has received for his reporting, Sara is the recipient of an Emmy Award from The National Academy of Television Arts and Sciences. She was also nominated four times for a national Cable Ace Award.

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