Mortgage REITs: The Risks Behind the Rally

Barron’s May 14, 2016–Stone, Amey

Mortgage real estate investment trusts have enjoyed a stunning three-month run for an obscure, underfollowed corner of finance. They are up 22 percent since mid-February, buoyed by stronger credit markets, a Federal Reserve that seems likely to keep rates lower for longer and a nod from bond king Jeffrey Gundlach of DoubleLine Capital at a recent hedge fund conference.