Subject: File No. S7-35-11
From: Daniel Beeler
Affiliation: PE, JD, BSEE, CMB, GHBA, TBA, NAHB

September 2, 2011

I do not see a reason for the SEC to conduct a review of mortgage REITs and feel it is a waste of the Taxpayer's money and a wasted effort. You have, in effect, made an anouncement that hurts the houseing market in a very tough time and it is conterproductive. Your timing is very harmful to the health of the homebuilding industry. You need to conclude the review immediately and make such an announcement.