Replies to post #125 on New York Mortgage Trust Inc (NYMT)

[bar1080]

But ALL mREITs are at 30-40% discounts to book because they've performed so poorly for years. Some observers are suggesting they should liquidate, which is unlikely to happen since they're money-making machines for management.

I'd add that knowing much about their CURRENT book is difficult due to their extreme leverage and hedging. i.e. When financials come out, they're already obsolete.

Read this new piece: "Is the Mortgage REIT Business Going Out of Business?"
http://seekingalpha.com/news/3039926-mortgage-reit-business-going-business