Mortgage REIT Prospects Begin to Improve, Even as Thornburgh Mortgage Finally Goes Under
April 10, 2009
Some signs are emerging that the winter is ending for mortgage-related real estate investment trusts, with a relatively strong March hopefully presaging better days ahead – even though one of the sector’s heavyweights, Thornburgh Mortgage, had to finally throw in the towel. “The share prices of residential mortgage REITs were beaten down very badly last year, and they have thus...