- 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:
Why Mortgage REITs Plunged On Monday