Mortgage REITs attract an influx of capital – Related Stories
Mortgage REIT investment flows are at five-year highs, with Annaly Capital Management and American Capital Agency among the leaders. The two have raised almost $6 billion in the past three months. Will it continue? “The Fed is the key,” said Walt Schmidt, a mortgage strategist at FTN Financial. “The game is only really up regarding REIT and bank purchases if the Fed has to tighten” liquidity, he said.