Hidden Mortgage Market Shifts Are Creating Opportunities | Matt Jozoff of Trevally Capital
Monetary Matters with Jack Farley
Audio is streamed directly from the publisher (traffic.megaphone.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Matt Jozoff, co-CEO, Portfolio Manager, and Head of Macro Research at Trevally Capital joins Other People’s Money, to discuss how trends like the growth in the Ginnie Mae market, low credit borrowers and non-bank originators, and other factors are affecting mortgage prepayments and creating opportunities in the mortgage market for firms like Trevally Capital. He also discusses how Trevally Capital is looking to extract alpha from these opportunities and build a world-class institutional asset manager with the backing of partners like The Raptor Group and Seaport Global Securities.
Learn more about Trevally Capital: https://www.trevallycapital.com/
Follow Max on X: https://x.com/maxwiethe
Follow Other People’s Money on:
Apple Podcast https://bit.ly/4e7QJ1M
Spotify https://bit.ly/3Yhaazi
YouTube https://bit.ly/3C63VXR
Timestamps
00:00 Intro
01:33 Post-Tariff Fixed Income Market Update
06:49 Recent Mortgage Market Developments
10:45 Ginnie Mae Mortgages
12:04 Not Calling For Another Mortgage Crisis
13:42 Nobody Can Afford Refinancing
17:24 Trump Admin and Fannie & Freddie
21:08 Factors Affecting Mortgage Prepayments
28:27 Day one Institutional Quality
34:53 Prepayments Part II
39:04 Importance of Seed Investors like Raptor & Seaport Global
42:07 Hedge Fund Seed Investing is Venture Capital
43:55 Peers & Competitors in the Mortgage Market
49:36 Physics & Cincinnati Connection