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| Gems Amid the Rubble: Mortgage REITs Yielding 9.9% | ||
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From: financedot <finance...@gmail.com>
Date: Wed, 27 Feb 2008 13:04:38 -0800 (PST)
Local: Wed, Feb 27 2008 4:04 pm
Subject: Gems Amid the Rubble: Mortgage REITs Yielding 9.9%
The housing crash of 2007 hardly turned out to be the "soft landing"
originally predicted by San Francisco Federal Reserve President Janet Yellen at the start of last year. The mortgage meltdown has affected homeowners, homebuilders, and bankers, among others. But of all these groups, real estate investment trusts (REITs) that invest in mortgage- backed securities have been among the hardest hit. The benchmark Mortgage REIT Index of 25 leading home and commercial lenders plunged a staggering -47.7% last year, making the S&P 500's +5.5% total return appear absolutely robust. To read the rest visit http://financedot.org/2008/02/26/gems-amid-the-rubble-mortgage-reits-... You must Sign in before you can post messages.
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