I just read "Could the SEC be done with questioning surrounding REITS" on Seeking Alpha written by one of it's contributor: Regarded Solution,12/29/2011, also read the pdf file. Since I am new in REIT investing, would like to hear from some of you the veterans if the SEC e-mail mentioned in the article is a good news or not? Thanks in advance.
ISXFUN: Great! Then what are the other uncertainties/factors that caused NLY taking more defensive position such as deleveraging hence decreased earnings hence dragging prices down? Are they Fed's operation twist that narrow/flatten the yield curve? The rumor of phasing out Freddie & Fennie? Recent news that Freddie & Fennie to charge higher mortgage guarantee fee? How bad can these go? do all these sound terrible but NLY knows how to manouvre around?