02-16-2014, 08:14 AM
I have invested in and followed mReits since 2002 and have seen first hand what often happens to these weak financial businesses, businesses which always project themselves as being virtually immune to rate changes. The following list is pulled from a seeking alpha article. How many S&P500 companies failed or collapsed to the same extent during the period? I don't know the percentage, but this list has to represent a huge portion of all sector participants. The same thing happened during the financial crisis in 2000-2001. Several of these in the list below we're considered the best of the breed.
Thornburg Mortgage
New Century Financial
Apex Mortgage
Fieldstone Investment
Sunset Financial
Capital Trust
Ashford Hospitality Trust
ECC Capital
Gramercy Capital Corp
Novastar
Carlyle Capital
Thornburg Mortgage
New Century Financial
Apex Mortgage
Fieldstone Investment
Sunset Financial
Capital Trust
Ashford Hospitality Trust
ECC Capital
Gramercy Capital Corp
Novastar
Carlyle Capital
Alex