Western Asset Mortgage Capital Corp. (WMC) – Mortgage REITs see Steep Decline amid Coronavirus Turmoil
Have you suffered losses investing in a mortgage REIT such as Western Asset Mortgage Capital Corp. (WMC)? 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 declined sharply in March, 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 S&P Global, close to half of the mortgage REITs in the U.S. lowered or suspended their dividend payments due to the financial turmoil attributed to the COVID-19 global pandemic.
Eleven mortgage REITs reportedly declared dividend payment reductions year-to-date, with most of the cuts exceeding 10% of the previous dividend amount.
Western Asset Mortgage Capital Corp. is a real estate investment trust, which engages in managing a diversified portfolio of assets. It reportedly focuses on investing in, financing, and managing real estate related securities, whole loans and other financial assets.
Unfortunately for investors, shares of Western Asset Mortgage Capital Corp. are down -73.48% YTD and the company has suspended its dividend payments.
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 Western Asset Mortgage Capital Corp. (WMC), 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.