Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 58.08

+4.9%

Jan 15 4:00 PM EST

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SGJ

To: SGJ who wrote (189483)	5/2/2023 7:54:15 PM
From: Lazarus	1 Recommendation Read Replies (1) of 207837

Having been a mortgage broker I kinda have an idea of how it works. I was also a broker associate with a local lender who held around $100 million of paper in house. When you look at some of the small regional banks with huge hits on AOIC its a combination of AFS - home loans, long-dated treasuries, municipals, etc - that when marked-to-market are crushing their BV. They're OK so long as they hold them to maturity -- but if they have to offload paper that was lent out at very low rates --- they will take a hit.

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