contracontrarian

Annaly Capital Management Selloff Overdone

Buying any kind of investments with 10x leverage in hope they will return more than financing costs,is hardly a viable business model for the long term.
This is only working as long as there are investors willing to pay enough fo their shares and this can change easily in the future.
There is no reason why mortgage REITs should even exist,i don't know of any "Corporate-Bond-REITS" or "S&P500-Stock-REIT... investing highly leveraged and issuing new shares to pay dividends as high as their captured outperformance.