Western Asset Mortgage Capital Corp. (WMC)

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These are gimmicks mostly for unsophisticated retirees desperate for income to live on. Brokers love mREITs because they're easy to sell. But you don't see Buffett or sophisticated investors buying them.

mREITs are incredibly complex. On top of that, most are riciculously leveraged so things can change in an eyelash.

Now READ this article at least two or three times.
http://seekingalpha.com/article/3534636-pondering-western-asset-mortgages-cut