coldsnowstorm Dear readers, I've published a number of articles on mortgage REITs (mREITs) last year and haven't been very bullish on the sector. It is true that prior to the November-December rally, prices seemed appealing from a price-to-book value perspective, but there were two things preventing me from investing in most mREITs. Firstly, the sector has a very poor overall track record as most mREITs have proven to be value traps over time and have returned just 2% per year over the past 20 years. Second ...