In the second quarter REITs increased their investments in MBS by 9.7 percent on a sequential basis – the largest increase among any investor type tracked by IM&A.
Bill Dallas, who runs Skyline Lending, told us he believes the “new” non-agency movement is beginning right now. “Today, we‘re doing 90 percent agency,” he said. “In 2017 the ratio will be 60 percent agency.”