Subject: File No. S7-34-11
From: Mark Shafer, CFP
Affiliation: Stevens Shafer Groth

September 9, 2011

The SEC is soliciting comments on a wide range of issues, including the interpretation of Section 3(c)(5)(C), and the operation of these companies under the rule.

I would like to lend my support to maintaining the current status of Mortgage REITS that is currently being review. I think that Mortgage REITS in their current format provide an important source of liquidity to the mortgage markets and changing their status would not be consistent with encouraging a national recovery in the US housing market at this time.