The last few months have seen a resurgence in mortgage real estate investment trusts (Reits), with over $1.3 billion in mortgage Reit initial public offerings. And it looks like there's more to come. This is just the latest chapter in the long and chequered history of mortgage Reits that dates from the late sixties. By the way, a mortgage Reit is an investment vehicle that is designed to permit investors to pool capital to invest in mortgages and interests in mortgages.
September 30 2009