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Here's Why Dividend Cuts Are a Risk for Mortgage REITs

Here's Why Dividend Cuts Are a Risk for Mortgage REITs

The past two years have been downright awful for mortgage real estate investment trusts (REITs). First, the COVID-19 pandemic caused the mortgage-backed securities market to freeze, triggering a wave of margin calls. The margin calls caused every mortgage REIT to sell parts of its portfolio at fire-sale prices to raise capital.