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Rehmann Capital Advisory Group Increases Stake in Vanguard Mortgage-Backed Securities ETF (VMBS)

Rehmann Capital Advisory Group grew its stake in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) by 5,000.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 249,696 shares of the exchange traded fund’s stock after purchasing an additional 244,800 shares during the period. Rehmann Capital Advisory Group owned about 0.18% of Vanguard Mortgage-Backed Securities ETF worth $4,896,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wells Fargo & Company MN increased its position in Vanguard Mortgage-Backed Securities ETF by 54.4% in the 3rd quarter. Wells Fargo & Company MN now owns 6,670,489 shares of the exchange traded fund’s stock valued at $340,195,000 after acquiring an additional 2,351,274 shares in the last quarter. Bank of America Corp DE increased its position in Vanguard Mortgage-Backed Securities ETF by 19.0% in the 2nd quarter. Bank of America Corp DE now owns 10,840,918 shares of the exchange traded fund’s stock valued at $557,331,000 after acquiring an additional 1,727,780 shares in the last quarter. Fisher Asset Management LLC increased its position in Vanguard Mortgage-Backed Securities ETF by 2,281.9% in the 3rd quarter. Fisher Asset Management LLC now owns 1,671,587 shares of the exchange traded fund’s stock valued at $85,251,000 after acquiring an additional 1,601,407 shares in the last quarter. Jane Street Group LLC increased its position in Vanguard Mortgage-Backed Securities ETF by 163.4% in the 2nd quarter. Jane Street Group LLC now owns 1,933,541 shares of the exchange traded fund’s stock valued at $99,403,000 after acquiring an additional 1,199,581 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV increased its position in Vanguard Mortgage-Backed Securities ETF by 5,718.9% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 1,035,243 shares of the exchange traded fund’s stock valued at $20,137,000 after acquiring an additional 1,017,452 shares in the last quarter.

M&A Activity Forecast to Increase as Mortgage Industry Contracts

“These are tough times in the mortgage business,” says Cameron. “There are too many lenders chasing too few borrowers, and because rates are not expected to decline any time soon, there won’t be a refi rally to bail out lenders.

“We are experiencing an intense period of industry consolidation that will extend well into 2019.,” he adds. “One popular school of thought is that rapid consolidation will continue throughout the first quarter and into the second quarter of 2019, and that margins may normalize in the late spring and summer next year.

“But we can’t count on this,” he continues. “A lack of meaningful growth in the purchase market may delay the recovery period for the industry well beyond next summer.”

While today’s market conditions are as challenging as they have been since the industry meltdown, Cameron says there are several possible tactics and strategies that lenders can pursue. He outlines the pros and cons of eight lender options, including optimizing cash from operations, raising equity capital and becoming a broker.

Can a single mother with one child get a mortgage?

I split from my partner 5 months ago due to his infidelity now i am living with parents, can i apply for a mortgage by myself with an income of £1000 per month or do i need a guarantor?


Being a single mother should not be a serious problem. Having an income of 1000 GBP/month could be. I am not familiar with the cost of living in the UK, but the US equivalent is not very much to live on.