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After the March 2020 crash, there was only one leverage mREIT ETN remaining. That was Credit Suisse X-Links Monthly Pay 2x Leveraged Mortgage REIT ETN (REML). The two 2X-leveraged mREIT-based ETNs sponsored by UBS Group AG (UBS): the UBS ETRACS Monthly Pay 2X Leveraged Mortgage REIT ETN (MORL) and its twin, which was essentially identical in all economic respects, the UBS ETRACS Monthly Pay 2X Leveraged Mortgage REIT ETN Series B (MRRL) were accelerated with disastrous losses for holders who