Armour Biggest REIT Share Loser as Fed Weighs Exit

Armour Biggest REIT Share Loser as Fed Weighs Exit

Andrew Harrer/Bloomberg

Armour’s decline comes after the Vero Beach, Florida-based company has expanded from $1.2 billion in assets at the end of 2010, helped by Federal Reserve efforts to stimulate the economy, which enabled the firm to borrow cheaply to buy Fannie Mae, Freddie Mac and Ginnie Mae securities.