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Re: HDOGTX post# 239

Wednesday, 04/08/2020 1:26:44 PM

Wednesday, April 08, 2020 1:26:44 PM

Post# of 403
News on Seeking Alpha today!

Mortgage REIT rebound persists after updates soothe investors

Mortgage REITs continue to pull up after recent reports from Annaly Capital Management (NLY +26.4%) and New York Mortgage Trust (NYMT +48.1%) indicate that liquidity is stabilizing.

iShares Mortgage Real Estate Capped ETF (BATS:REM) gains 15% in late morning trading; the ETF sank 64% between March 10 and April 3, then recovered 18% on April 6 and 7.

Ellington Financial (EFC +69.2%) soars after disclosing that its book value per share only lost 17.5% during March and that all its margin calls were met.

Other mortgage REITs rising strongly: AG Mortgage Investment (MITT +40.3%), Cherry Hill Mortgage (CHMI +20.5%), Invesco Mortgage (IVR +25.8%), MFA Financial (MFA +30.4%), and Orchid Island Capital (ORC +25.5%)

https://seekingalpha.com/news/3559375-mortgage-reit-rebound-persists-after-updates-soothe-investors
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