REITs Struggle to Maintain Mortgage Volumes, but Profits, While Diminished, Remain Healthy
July 7, 2006
Residential real estate investment trusts continue to wrestle with how to keep up their profits during a softer mortgage market. Several are considering de-REITing, while others are restructuring to find cost savings. Yet, while REITs have seen a larger drop-off in new originations this year than other lenders, the group as a whole has enjoyed solid profitability. … [One data table included]