NYMTZ - Why Mortgage REITs Plunged On Monday

June, 14 2022 06:16 AM New York Mortgage Trust Inc. 7.000% Series G Cumulative Redeemable Preferred Stock $0.01 par value per share

Mortgage REITs were slaughtered. Index values down over 9% and some of the best mortgage REITs are down even more.
One of the biggest decliners is a mortgage REIT that increased book value in each of the last 3 quarters while interest rates were rising.
They also increased book value yet again in April 2022, as interest were rising. Think they won four times in a row just to lose to the same thing?
Thanks for the sale. We more than doubled our position.
Eat Pray Love, The Monuments Men, and this recession have been the 3 dullest things since the Great Financial Crisis.

For further details see:

Company Name:	New York Mortgage Trust Inc. 7.000% Series G Cumulative Redeemable Preferred Stock $0.01 par value per share
Stock Symbol:	NYMTZ
Market:	NASDAQ
Website:	nymtrust.com