Is ARMOUR Residential REIT in Trouble?
Record- high refinancing rates and demand for new loans due to a low-mortgage-rate environment have helped boost revenues for mREITs across the board over the past year. With forbearance protections expiring at the end of June 2021, that means mortgage REITs, particularly residential mREITs like ARMOUR Residential REIT Inc. (NYSE: ARR), could be in trouble. Unlike other mREITs, ARMOUR Residential doesn't originate mortgage loans.