Invesco Mortgage's Total Investment Portfolio Includes TBAs of $8.0B as of September-End
Invesco Mortgage Capital (IVR:NYSE) reported that its total investment portfolio included To Be Announced mortgage-backed securities (TBAs) valued at $8 billion as of September 30, a decrease from the previous month's figure of $8.3 billion. The company also noted a decline in unrestricted cash and unencumbered investments to $401.3 million from $534.7 million. The reduction in TBAs suggests potential portfolio adjustments or market conditions affecting mortgage-backed securities. With lower liquidity, the firm may face challenges in managing its investment strategy effectively during periods of volatility in the housing sector and interest rates.
Topics: investment portfolio mortgage securities real estate