Have mREITs Got You Down? Here's 7 Double-Digit-Yield Alternatives

The announcement on Wednesday, October 3 (and continued reports this week), that refinances (and, as a result, prepayments) were increasing dramatically as a result of the Fed's implementation of QEternity was expected to cause a substantial rush to get rid of mREIT holdings, particularly those that were Agency-supported. To an extent, the predictions were correct, and some mREIT stocks saw some losses, although there didn't seem to be anything like a major sell-off. In fact, some mREITs have increased in value, particularly those dealing with non-Agency MBS and hybrids that have both Agency and non-Agency holdings. I have written a couple of articles about mREITs over the past several weeks, and have received comments from many people, including a large number of retired or nearly-retired people who have put significant amounts of their investment money into mREITs. The attraction, of course, is the double-digit dividend yields these companies typically offer.... Read more