REITs certainly don’t have the presence in the residential mortgage market they did before the downturn but according to a Keefe, Bruyette & Woods report last week, there are still a good 15 publicly traded ones out there, some of which investors may want to keep an eye on in terms of their potential ability become bigger contenders in the space.

Certainly, Redwood Trust as the only post-downturn issuer of nonagency MBS has stood out, but far and away the real leader in the sector as far as market capitalization and market share has been Annaly Capital Management Inc. Its market cap was about $14.7 billion and its share was 40.8% as of May 31, according to KBW. Redwood, by comparison, ranked 9th with about a $1.2 billion market cap and a 3.4% share.

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