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Home » Store » News » Non-Agency Originator REITs Fizzle Out

Non-Agency Originator REITs Fizzle Out

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The bankruptcies of Accredited Home Lenders and Thornburg Mortgage effectively end the run of real estate investment trusts that originated non-agency mortgages. New Century Financial and American Home Mortgage met similar fates in 2007 while Saxon Capital, MortgageIT, Fieldstone Investment, and Encore Credit were acquired and eventually ceased originations. The REIT structure likely...
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