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Strategies & Market Trends : 50% Gains Investing

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To: MoneyPenny who wrote (109075)	7/10/2012 1:41:30 PM
From: KyrosL	Read Replies (2) of 118717

Yes, CIM has non-agency as well as agency mortgages. IMO, their non-agency mortgages is one of their attractions right now, because I think housing is close or at a bottom. The main reason for their relatively low dividends is their low leverage. Low leverage is something you must have if your asset values (non-agency mortgages) have dropped precipitously. However, once those values bottom and start going up, not only is your NAV recovering, but you also can increase your leverage. So, CIM is a potential play on a housing recovery, IMO.

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