AG Mortgage Investment Trust Inc, based in New York, specializes in residential mortgage investments. Its portfolio includes a mix of non-agency and agency-eligible loans, both performing and non-performing, as well as non-agency residential mortgage-backed securities. As a real estate investment trust (REIT), it primarily avoids federal corporate income taxes by distributing most of its taxable income to shareholders. Founded in 2011, the company plays a significant role in the U.S. residential mortgage market.
Not all mortgage REITs offering double-digit yields are running the same play, and confusing one for another right now carries real consequences for income investors.
