The mortgage REIT sector has struggled over the last month. There's no doubt about it. We’ve seen huge plunges and we’ve seen some rallies. The volatility in the mortgage market could be assigned to a few causes, but we want to highlight one of them.
There's a substantial amount of additional risk created in the sector by Fannie Mae and Freddie Mac not announcing significant support for mortgage servicers. Like many Americans, you might not be familiar with what mortgage servicers actually do. You might even dislike them all, without knowing more than a few,