Investment opportunities certainly exist in residential mortgage backed securities particularly in the Non-Agency sector. Agency MBS investment returns continue to benefit from the steep yield curve and despite government [elections] refinancing rates are not spiked.In this period of economic uncertainty our goal remains to generate double-digit returns on equity with an appropriate level of leverage. Again, I think you’ll find that we have been a very disciplined company and that we’ll continue to be so. Slide I’m very proud of, we’ve had as 14.5% annual returns since January of 2000 and you can see as we’ve depicted here MFA relative to the S&P 500 financials and the S&P 500.
MFA Financial's Management Presents At Credit Suisse Financial Services Forum (Transcript)
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