Subject: File No. S7-35-11
From: Andre B Uflacker, MD

September 2, 2011

Dear Sir or Madam,

I am a young professional who just started investing and I have been looking for alternatives to conventional equities due to the volatility of the past decade. I found mortgage Real Estate Investment Tursts to be an attractive alternative and begain investing in them earlier this year.

I'm also overseeing, with the help of a financial advisor, the portfolio that was left to my mother by my recently deceased father. She is young and will require income and I was considering a small stake in mortgage REITs as a part of the overall strategy. I fear that we are both going to be losing significant income opportunities if rules are changed.

I urge to you please not propose or make any changes in the rules regarding mortgage REITs at the present time. I feel that this would adversely affect myself, my recently widowed mother, and scores of additional investors who have been decimated by the past two major market downturns and have attempted to make up the losses through income. Plese do not change the rules regarding MBS and mREITs at this time.

Thank you for your attention.