Last year brought a spate of initial public offerings of residential mortgage real estate investment trusts, but 1998 may usher in a slowdown.

REITs use investor capital to purchase mortgages or properties, and can pay out handsomely in part because they are not required to pay corporate federal income taxes.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.