The Market's Hottest Dividend Sector Gets More Great News

For a company, it's gotta be hard to do well when other companies are faltering. But that's exactly what the players in the high-yielding mortgage REIT sector do: kick butt when other companies feel the hurt. And there's more good news for these mREITs -- unemployment is up. Late last week, it was reported that unemployment climbed to 9.2%. The number of net new jobs came to just 18,000 for the month, well below even the most dour analyst predictions. It was the weakest hiring report since May 2010. The poor showing throws into doubt analysts' claims about a second-half recovery, but it's nevertheless good news for mortgage REITs, which thrive in tough conditions like these. With unemployment so high, the Federal Reserve cannot credibly raise interest rates, keeping the cost of funding low for these REITs.... Read more