This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

MFA Financial's CEO Presents At 2012 UBS Global Financial Services Conference (Transcript)

MFA Financial, Inc. (MFA)

2012 UBS Global Financial Services Conference Call

May 8, 2012 8:00 AM ET

Executives

Stewart Zimmerman – Chairman and CEO

Bill Gorin – President

Presentation

Unidentified Participant

Good morning. Thank you for joining us for the first presentation of the morning. Pleased to have MFA with us today. They have a long track record investing in both agency and non-agency RMBS and one of the first agency mortgage REIT to diversify the non-agency. They are also a little bit different than their peers and that they take less interest rate risk, both on the agency and the non-agency side.

Representing MFA from my left is Stewart Zimmerman, Chairman and CEO; Bill Gorin, President; and Craig Knutson, Executive Vice President, who runs their non-agency RMBS business. I will turn it over to Stewart. Thank you.

Stewart Zimmerman



Thank you (inaudible). We appreciate the opportunity of speaking at the conference today and thank you all for attending. This will make my General Counsel very happy. So just a quick peek.

We are an internally managed and you can notice that that’s underlined. We are self advised and self managed real estate investment trust and we are positioned to benefit from our investment – I don’t know why that happened – in both agency and non-agency residential mortgage-backed securities.

So when folks look at us into the kind of – distinguish us from some of the peers – actually, I don’t think we have a lot of peers in this side, but we are specialist in residential mortgage-back securities, which comprise of both agency and non-agency securities. And again, being self advised and self managed we think kind of distinguishes us from some of the other folks.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,001.22 -38.27 -0.22%
S&P 500 1,988.40 -3.97 -0.20%
NASDAQ 4,538.5510 +6.4470 0.14%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs