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/

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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