(Pexels)
This year has been a wild ride for mortgage REITs. They began the year with a strong performance on the back of strong fundamentals. Home sales were skyrocketing and a strengthening economy made it seem likely mortgage rates would slowly trend higher. Unfortunately, the March market crash made mortgage REITs into a trainwreck as the mREIT ETF (REM) declined a staggering 70%. The crash was made worse by a wave of margin calls from highly levered mortgage-backed-securities which caused a secondary liquidity collapse.
Of course, shortly after the crash