The economic downturn has been a boon to mortgage REITs and the dividends their investors collect. Relatively slow refinancing activity during the downturn has meant big profit spreads without the downside of prepayments for mREITs, such as Annaly Capital (NYSE:NLY), Chimera (NYSE:CIM) and Invesco (NYSE:IVR), to name a few.
Austin Smith has no positions in the stocks mentioned above. Ilan Moscovitz has no positions in the stocks mentioned above. The Motley Fool owns shares of Annaly Capital Management. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.