AG Mortgage Investment Trust (MITT) – Mortgage REITs see Steep Decline amid Coronavirus Turmoil
Concerned about your investment in MITT?
Have you suffered losses investing in a Mortgage REIT such as AG Mortgage Investment Trust? If so, the securities attorneys at The White Law group may be able to help you to recover your losses through FINRA Arbitration.
Shares of mortgage real-estate investment trusts have declined sharply, according to the Wall Street Journal, reflecting growing concerns about firms that “use borrowed money to juice returns at a time when funding markets are in turmoil.”
According to reports on March 24, AG Mortgage Investment Trust, announced that it had not been able to meet margin calls “as a result of market disruptions created by the COVID-19 pandemic.” Shares [MITT] plunged another 24% on March 24, to $2.14, having collapsed from over $16 on February 20.
The REIT was reportedly able to meet margin calls until Friday March 20, when it notified the financing counterparties that it would fulfill the margin calls on Monday March 23 but would not be able to meet the anticipated future margin calls.
Unfortunately for investors, shares of AG Mortgage Investment Trust are down -85% YTD.
Recovery of Investment Losses
The White Law Group is investigating FINRA arbitration claims involving broker dealers who may have improperly recommended mortgage REITs to investors.
Brokerage firms are required to perform due diligence on any investment they recommend, including mortgage REITs. They must ensure that the investment is suitable for a particular investor in light of that investor’s age, investment objectives, income, net worth, and investment experience. Given the current risk of devaluation of these REITs, such investments are likely only suitable for wealthy and/or sophisticated investors.
If you have suffered losses in a mortgage REIT such as AG Mortgage Investment Trust, please call the securities attorneys of The White Law Group at (888)637-5510 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For more information on the firm, please visit https://www.whitesecuritieslaw.com.