Shares of mortgage real-estate investment trusts declined sharply Wednesday, reflecting growing concerns about firms that use borrowed money to juice returns at a time when funding markets are in turmoil. Annaly Capital Management Inc. and AGNC Investment Corp., among the biggest mortgage REITs, fell 47% at their lows. Redwood Trust Inc. fell 56%, New Residential Investment Corp. dropped 56% and Two Harbors Investment Corp. fell 64%.

Source: Wall Street Journal March 18, 2020 20:37 UTC