Mortgage REITs are suddenly back in favor

07/6/2009 | Wall Street Journal, The

REITs investing in mortgages have been through some tough times, but a new breed of mortgage REIT investing in distressed mortgage-backed bonds is attracting the interest of some big investors. Distressed asset specialist Angelo, Gordon & Co. and Apollo Management have recently been talking with banks about IPOs to launch new REITs specializing in distressed mortgage bonds.

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Wall Street Journal, The

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