Subject: File No. S7-35-11
From: Greg S Wood

September 22, 2011

No Agency mReit took bailouts, failed during 2008-, or had problems getting repo financing. They repo securities which are readily tradeable, have accurate pricing and frankly, help keep the mortgage market moving. The risk here lie more with global and US problems affecting the availability of repo financing and also the future of the mortgage market in the US, namely Congress.

But as an individual investor, I've held a diversified portfolio of handful of Agency mReits and also BDCs along with preferred stocks and bonds and have had no problems to date.....and were 2008 not to have occurred, this topic wouldn't be on the table....again no problem of mReits making and everything to do with regulators, banks, etc.