TWO - Mortgage Origination For Profits
- PMT and NRZ are both in our bullish range and in our portfolio.
- These REITs don’t just service mortgages, they also originate mortgages. As you may have heard, mortgage origination is a great business today.
- Discounts to book value (or NAV) are the start of your mortgage REIT analysis, but not the end.
- In this series we’re providing readers with the discounts to trailing book values throughout the sector and a few notes on the current environment.
- When we provide an index card for an individual mortgage REIT, it includes our most recent estimate on book values.
For further details see:
Mortgage Origination For Profits