Pimco REIT Agrees to Slash Fee If Residential Mortgage Fund

Pimco REIT Agrees to Slash Fee If Residential Mortgage Fund

Daniel Acker/Bloomberg

Mortgage REITs led by Annaly Capital Management Inc. (NLY) and American Capital Agency Corp. (AGNC) raised almost $6 billion through share sales in December, January and February, helping to bolster the market for mortgage-backed securities.