A report in Barron’s predicts QE3 would be beneficial for mortgage REITs such as AG Mortgage (NYSE:MITT) and MFA Financial (NYSE:MFA) because of clarity on interest rates. mReits also offer excellent yield to investors.
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Chimera Investment (NYSE:CIM) which invests in residential mortgage loans, real estate-related securities and various other asset classes, has received a 4-month breather that may allow it to save its NYSE listing. The company is behind on its filings with the SEC.
News that it will replacing Kraft (NYSE:KFT) in the DJIA index has shares of UnitedHealth Group (NYSE:UNH) trading higher before the market open.
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