Smart to have loaded up on WMC with a high yield backed by strong earnings, and rising BV. MBS value hase risen sharply from leveraging as 30 year mort rates have dropped back close to 4% and the economy is structuarally weak, with years to go before the BB fully retire and consumers have worked off debt.
THe Fed has to maintain low interest rates-- if only to manage Treasury debt servicing, but will continue QE forever to fight off deflation for years to come. Talk of tapering is not merely foolish, but economically comical.
THe MREITs are now set for years of great earnings and dividends.. WMC has thus far demonstrated the best management too.