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Assessing the Risks of Mortgage REITs, No. 13-11

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Assessing the Risks of Mortgage REITs, No. 13-11

DATE: November 2013

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ABSTRACT: Regulators have expressed concern about the growth of a category of real estate investment trusts (REITs) that today invest primarily in mortgage-backed securities (MBS). These companies, known as mortgage REITs, or mREITs, have increased both in number and in asset size since the financial crisis, benefiting from federal guarantees and other support for MBS and from favorable regulatory treatment that allows high levels of leverage. While mREIT investors face significant risks, the level of risk that mREITs present to the financial system as a whole is unclear.

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Pellerin, Sabrina R. , Price, David A. , Sabol, Steven J. , Walter, John R. and Federal Reserve Bank of Richmond. "Assessing the Risks of Mortgage REITs, No. 13-11," Economic Brief (November 2013). https://fraser.stlouisfed.org/title/6034/item/583918, accessed on February 2, 2023.

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