The almost unbelievable disruption that occurred in the financial markets earlier this year saw many highly-leveraged business models upended. One such model is the mortgage REIT sector, which employs significant leverage to borrow at a lower rate and invest the proceeds at a higher rate to generate income. Mortgage REITs were hammered earlier this year to varying degrees, depending upon their relative financial situation.
One such mREIT that was presumably on the brink of insolvency is MFA Financial (MFA), which saw its share price plummet to just 28 cents during the