Still Bullish On High-Powered REIT MFA Financial

By Bear Fight:MFA Financial, Inc. (MFA) is a real estate investment trust (REIT) that invests in mortgage-backed securities. MFA utilizes leverage to acquire its portfolio of Agency and non-Agency residential mortgage-backed securities. MFA utilizes repurchase agreements (repo), which are low short-term rates, to finance the acquisition of its mortgage-backed securities.

By Bear Fight:As the Federal Reserve has driven down short-term interest rates to ultra-low levels, investors have flocked to mortgage REITs in search of yield. I believe investors should focus on hybrid mortgage REITs as opposed to agency mortgage REITs.

By Bear Fight:Two Harbors Investment Corp. (TWO) is a hybrid real estate investment trust (REIT) that invests in residential mortgage-backed securities (RMBS), residential mortgage loans, residential real properties and other financial assets.

By Bear Fight:Two Harbors Investment Corp. (TWO) is a hybrid real estate investment trust (REIT) that invests in residential mortgage-backed securities (RMBS), residential mortgage loans, residential real properties and other financial assets. As a hybrid REIT, TWO management has the opportunity and flexibility to evaluate opportunities across the Agency and non-Agency RMBS.

By Parsimony Investment Research:American Capital Agency Corp. (AGNC) is a real estate investment trust (REIT) that invests in agency mortgage-backed securities. Agency securities are guaranteed by the U.S.

By Parsimony Investment Research:Founded in 2007, Chimera Investment Corporation (CIM) acquires and manages residential mortgage-backed securities, residential mortgage loans, and real estate securities. Chimera is a real estate investment trust that is externally managed by FIDAC (Fixed Income Discount Advisory Company). FIDAC is a wholly-owned subsidiary of Annaly Capital Management, Inc.

By Michael Terry:Back on August 23, 2012 I wrote an article on Annaly Capital (NLY) and other mREITs which laid out the sensitivities of their net interest spread and their portfolios to changes in interest rates. In the discussion stream that followed the article, readers asked me to lay out the facts for other mREITs.

By Tactical Investor:The entire mortgage REIT sector sold off recently, even strong names such as American Agency Capital (AGNC), Annaly Capital Management (NLY), MFA financial Inc (MFA), etc. were not immune to this sell-off.