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: Mortgage Lender Implode-o-Meter

Viewpoint: At Amherst, a Simple Game

By Implode-Explode Heavy Industries

" Perhaps the best story this week (outside of the coverage you?ll see here at HW, of course) involves a mortgage-related trading strategy pulled off successfully by Austin-based Amherst Securities Group LP, a fixed-income specialist focusing on mortgage-related investments. Imagine taking the big boys at JP Morgan Chase & Co. (JPM: 35.35 +1.17%) and Goldman Sachs Group Inc. (GS: 145.01 -0.10%) for a ride, using the most simple of economic observations: when too many people go left, it can become very profitable to turn to the right."

Full post as published by Mortgage Lender Implode-o-Meter on June 12, 2009 (boomark / email).