About this episode
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/maxwietheFollow Other People’s Money on:Apple Podcast https://bit.ly/4e7QJ1M Spotify https://bit.ly/3Yhaazi YouTube https://bit.ly/3C63VXRX https://x.com/opmpodTimestamps00:00 Intro01:33 Post-Tariff Fixed Income Market Update06:49 Recent Mortgage Market Developments10:45 Ginnie Mae Mortgages12:04 Not Calling For Another Mortgage Crisis13:42 Nobody Can Afford Refinancing17:24 Trump Admin and Fannie & Freddie21:08 Factors Affecting Mortgage Prepayments28:27 Day one Institutional Quality34:53 Prepayments Part II39:04 Importance of Seed Investors like Raptor & Seaport Global42:07 Hedge Fund Seed Investing is Venture Capital43:55 Peers & Competitors in the Mortgage Market49:36 Physics & Cincinnati Connection
