REITS Pumping Near All New Funds Into MBS
Real estate investment trusts have been pumping near all the $26 billion they have raised in new equity over the past 18 months into mortgage-backed securities with little into mortgage-servicing rights, largely because the rights do not normally fit into the definition of an investment unless certified by the Internal Revenue Service.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ European securitization issuance database
- ✔ Daily newsletters across markets and asset classes
- ✔ 1 weekly securitization podcast