tag:blogger.com,1999:blog-3622000096955389947.post-61558200729874007722008-03-27T09:13:00.000-04:002008-03-27T09:13:00.000-04:00there is a record amount of agency pass-through supply expected this year given that the non-agency market has collapsed. the mortgage market is in dire need of new capital. it will take sometime before these reits will exhaust the mortgage supply coming to the market. These reits alone will not have an overwhelming impact on spreads.Anonymousnoreply@blogger.com